Are Heavy Russian Sanctions a Potential Bull Case Scenario for Bitcoin?

The back and forth over Ukraine continued today, with President Joe Biden saying a Russian invasion was imminent and Russia expelling Bart Gorman, the U.S. deputy chief of mission to that country. Meanwhile, Russia Defense Minister Sergey Shoygu said troops have been redeployed away from Ukraine. The news has helped send the S&P 500 stock index down 1.5% and the Nasdaq lower by 2%. Bitcoin’s price has crumbled nearly 7% to $41,175.