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

"...... As the global economy begins to recover from COVID, we now find ourselves in a bit of a freefall as far as the global economy is concerned. We're seeing a sharp decline in the Russian economy and obviously in the U.K. a little bit of a rain economy - but it's spilling over into the European economy and, to some extent, into the U.S. economy as well."

Moreover, there is no way to predict how the global economy will function in the future until this conflict is resolved.

Finally, he said this uncertainty and impediment to the global economy can lead to inflation, saying.

"People who didn't have to worry about inflation before are now starting to do so. The price of everything you buy on a daily basis is likely to go up ...... it's gotten to the point where people are nervous about it."