The result of the meeting between the presidents of Russia and the USA on August 15 may become a significant driver for the currency and cryptocurrency markets, believes the CEO of GIS Mining, Vasily Girya. He explained that the reaction will depend on whether signs of de-escalation emerge as a result of the meeting or, on the contrary, it only intensifies the tension.
If the negotiations conclude positively and the parties express a willingness to compromise, the ruble may strengthen due to a decrease in the geopolitical risk premium in the exchange rate, says the expert. According to him, in this case, interest in bitcoin as a safe-haven asset is likely to decrease, which could trigger a short-term correction, although the improvement in overall market sentiment will support demand for risky assets, including altcoins.
