UPDATE: Poland's Foreign ministry officially has stated that a "Russian-made missile" fell on the village of Przewodow and has summoned the Russian ambassador to explain why a Russian-made missile fell on Polish territory killing two people. 

I was hoping to never have to write something like this but in lieu of the current situation, it does need to be stated and discussed. Earlier today reports emerged that Poland had been struck by two missiles that are believed to have come from Russia. Making matters worse these two missiles resulted in two people losing their lives. While the number of missiles, rockets, or whatever else is under consideration has yet to be determined the fact of the matter is that this whole situation has been ratcheted up to the next level. 

Because of the probable explosion in tensions between the West and Russia the U.S. and European stock markets could be in for an intense and wild ride. Luckily so far Poland seems to be avoiding the nature of the attack, whether accidental or intentional, labeling it as an explosion instead of an attack. At the same time, they have not evoked Article 5 of the NATO treaty which would immediately put America and the rest of the West (most likely including Sweden and Finland) at war with Russia. Currently, Poland seems to be taking as measured and as calculated approach as it can. Poland is supposedly considering asking its NATO partners for discussions under Article 4 which allows for any member to seek consultations with the rest of the alliance and states. 

Thus far Russia has claimed that they were not the ones responsible and at first, had some members of their government actually blame Poland saying that they had bombed themselves. When looking at what they have said since then they have taken the route that they were not attacking Western Ukraine at the time so it could not be them. New videos and photos though that have been geolocated and confirmed authentic have shown a crater and large plume of smoke in Przewodow, Poland with residents saying there was a whoosh as a projectile flew over the town. As bad as this is not only for Poland and Europe but the world as a whole this tense time does allow for one positive thing in the crypto industry.

The ability to completely break free of the stock market. 

Times like this with the sheer amount of uncertainty are awful for the markets and while crypto has been taking a beating recently this could be a chance for it to separate itself from other assets like the stock market. There has been really an unprecedented level of scrutiny and disdain for crypto this last week with many coming out of the woodwork to lambast it and call for its downfall. However, everything will go out the window if these reports of Russian military hardware hitting a NATO member are confirmed. In times of confusion and chaos fortunes historically have been made and lost at a much higher level than during standard or normal times. 

Previously everything really revolved around the Federal Reserve and recession fears but war spreading along with unease in the Middle East (Iran) creates uncertainty that makes us wish the Fed was the worst of it. With this opportunity, crypto could go either the way of the stock market and be a complete mess or it could separate itself and maintain either a level of stability or possibly start moving back upward. Crypto has gotten closer and closer to breaking free of the stock market but this opportunity especially given the terrible week the crypto markets have endured could finally help it break free. 

Please know I am not a financial advisor and make sure you do your own research! If you enjoyed this article and would like to support me further below are a few referral links that if you used when signing up I would appreciate it! Also, follow me on Twitter @Cje95_

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