One millionaire says cryptocurrencies could boom due to the economic fallout from the Russia-Ukraine conflict

In addition to these remarks, Rubenstein also highlighted how cryptocurrencies can help citizens in war-torn regions economically. In this quote, he said.

"If you're in Ukraine or Russia and you want to have some assets and your country is facing a lot of challenges, having some cryptocurrency might make you feel better because you can have something outside of government control and it doesn't depend on banks opening their doors to you."

Rubenstein predicts that if inflation worsens in the next few years, cryptocurrency adoption will soar.

Many countries already use bitcoin as a hedge against war-related and non-war-related inflation. This trend caught the attention of several VIPs, including the Prince of Serbia, who declared that bitcoin is the only way to avoid inflation, with Max Keiser saying, "Americans with less than 20 bitcoins won't make it."

Impact of the war on the global economy

Returning to the impact of the war on the global economy, David Rubinstein said that Russia's invasion of Ukraine is delaying a much-needed boost after covid economies need to recover, noting.