Of crypto, NFT & Metaverse

Blockchain-based products are one of the longest-running ‘fads’ in history. Will it stay or fade and how should investors react?

Post-Covid, the fragile global economy is again at a precarious point – exacerbated by the warbetween Russia and Ukraine and its ramifications, in particular damaging sanctions by the US, NATO and its allies against Russia.

The biggest risks flowing from the sa nctions a re inflation and recession even as the US continues its policy of increasing interest rates this year. One of the most, if not the most damaging aspect of the sanctions is the closure of oil pipes from Russia. This has resulted in a global oil shortage which pushed oil prices from USD30 per barrel to a whopping USD 130 per barrel (as at the time of writing).

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