"Maybe not now but maybe it will go up in the near future."
Unexpectedly, internal unrest broke out in Russia last weekend with a disagreement between the head of the Wagner Group, Yevgeny Prigozhin, and Russian President Vladimir Putin.
Reportedly, Prigozhin not only claimed that Russian forces attacked his mercenaries but also threatened to attack anyone who obstructed the movement of his group from southern Russia towards Moscow.
However, the Russian Ministry of Defense, which strongly denies the allegations, has accused Prigozhin of attempting a coup while Russia's supreme commander in Ukraine, Sergey Surovikin, has urged Wagner fighters to obey Putin's orders.
As Russia is one of the main suppliers of oil, gas and other raw materials, the civil war could have a big impact on global markets and any drop in stock prices on Monday could send Bitcoin (BTC) and altcoins soaring.
While the cryptocurrency market may take longer to react to the situation, the global uncertainty has led many traders to start looking at Bitcoin (BTC) as a safe haven asset.
While Russian investors are expected to try to significantly liquidate their digital assets, the country has prepared a new draft law to allow cryptocurrencies for international trade.
In context, speculation that Russian aggression could make BTC the main digital store of value has arisen during its war with Ukraine, so a coup may strengthen that argument as internal conflict could worsen the country's financial health.
As of this writing, BTC price has plunged by 0.98% to $30,318 in the last 24 hours with a market cap of $588 billion but is still up 14.81% over the past week.
