Markets are still not pricing in a major conflict in Europe. Confusion reigns, with inflation blowing out and Central Banks spinning around on the spot. Volatility or chaos? BTC and GOLD are now the two Doomsday Hedges.

Markets continue to misprice a war in Europe and inflation, caught between confusion and Central Bank mania, it is hard to find direction, but one thing is for sure, pandemic aside, printing out of a crisis is long gone.  Even if pandemic part 2 comes along via a new mutation.   Is one an extreme bear.  Nah.  But, we're in trouble.   

With traditional hedge strategies aside in lieu of the calamity from all sides, Bitcoin is surprisingly looking like that Doomsday Hedge, despite its volatility.  As noted with the chart above, with Gold riding in tandem against the speculation of the NASDAQ which could, if Russia gives the order, send indices down 20% or more.  Markets aren't bullet proof, institutionally the Federal Reserve can either choose in destroying the American economy in being inactive in reducing inflation with a shock and awe markets by a 1.00%+,  to ensure average Americans don't have to fight for food.  A firm US Dollar, food less expensive.  It should be simple, right?

Yes, BTC could offer some protection from inflation and a US. Dollar that is going nowhere despite yields on the 10 YR now over 2.00% y/y (Chart 2), the concern is if Russia do indeed invade Ukraine any day and banking sanctions are implemented on Russia, we may see heavy volatility occur on Crypto's as money pours into BTC coin and other Crypto exchanges.  Which, under a war footing, may end up being shutdown if Eastern European countries funneling money out of Russia, come under investigation.  Things, indeed, could get very "crazy" messy.