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Don't Trust, Verify: Unpacking the Russia-Ukraine War – Sanctions, Bitcoin and Media Coverage


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Jeet Sidhu is a fintech executive, former leveraged finance investor, and Bitcoin twitter enthusiast (@jeetsidhu_). In his free time he runs a Tik Tok on financial history(@thebitcoinfiles).

After requesting knowledgable sources on the Russia-Ukraine war on Twitter, many in the Bitcoin space urged me to reach out to Sidhu, who has been tweeting updates on the conflict and threads with compelling data, articles, videos and photos.

Recorded on February 27, 2022

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Timecodes:
0:00 Short intro
:30 Promotional Considerations and Discount Codes
2:42 Intro to guest
4:00 Jeet background
5:50 Don’t trust verify
6:50 Where Jeet is sourcing information
8:55 Why did Russia invade Ukraine now?
12:52 Ukraine, NATO and Russia’s decision to act
15:45 Ukrainian President Zelensky
17:20 Is the President of Ukraine fighting?
20:40 Sanctions imposed on Russia
21:30 SWIFT sanction
22:53 Russian Central Bank assets frozen
25:18 Will the sanction work?
28:17 Russian own SWIFT system
29:40 Bank and ATM runs
32:32 Ukraine’s Bitcoin Treasury and Donations
36:40 Russia and Cryptocurrency to Mitigate Sanctions
41:44 Who is winning this war?
47:42 Could this become WWIII
54:05 Germany’s reliance on Russia’s natural gas
1:00:00 What we should watch for?
1:03:13 Jeet’s Bitcoin origin story and close

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30 Comments

  1. INVESTING IN CRYPTO NOW SHOULD BE IN EVERY WISE INDIVIDUAL'S LIST, IN SOME MONTHS TIME YOU WILL BE ECSTATIC WITH THE DECISION YOU MADE TODAY

  2. Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..

  3. Excellent interview. Very well done. And it shows the real value of Bitcoin and how efficient and censorship-resistant compared to the current corrupt system.

  4. An idea Natalie:
    Have you thought about short interviews of "regular people" about how they got into bitcoin and how their lives were liberated, where and how they learned about it, what they read and how "She was a mom at home and started reading about btc and invested or took a risk and then… then she got a wallet and put her…." Something like that, those non specialists or too informed on bitcoin people can relate to them??

  5. Anyone getting his/her news from the legacy misinformation media is a fool.

  6. Natalie, I want to congratulate you and it makes me happy to see how far you've come in quality and content diversity and quality of guests on your channel, I have seen YOU being interviewed and it is also incredible how much you've grown over time. Lots of good things will come your way if you remain loyal to your original objectives, even as you add new ones. Congrats.

  7. And you don't believe that the US government is using Bitcoin to surveil its citizens or foreign governments? You don't think that Satoshi Nakamoto is actually the NSA and the whole platform was created with the purpose of domestic surveillance?

  8. Is there anything that Bitcoin can't do? I mean it's the solution to every problem. Some day cancer will be cured using Bitcoin.

  9. Jeet's explanation of swift and how it will affect the Russians was not correct. Even if they can not use Swift via US banks they can just use non US banks, and even if the US shut that down some way, Russia could use CHIPS system or they could just phone another bank and give instructions. Cutting of Swift does almost nothing to Russia, it is just political theater. He also mentioned nuclear was safe! I invite you to come meet me in Tokyo and I will take you to Fukushima and will show you the devastation is has caused. Maybe Jeet could also let us know what we should do with all the used nuclear fuel. We can we ship it all to the US to keep it there since nuclear is so safe?

  10. Bitcoin cannot be used as he explained because of it's speed an limitations, but Russia can use other crypto that's eco friendly and fast. Bitcoin technology comparison is like Bitcoin being used as a horse when there were no cars in the past, versus driving cars in today's world.

  11. People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in bitcoin while LEO MARTIN'S is till there for them to start investing.

  12. <Awesome post I must say . Crypto is moving with little sign of stopping throughout the past few days and weeks, with movements reaching a clear impasse, the aggregated cryptocurrency market has been following in Btcoin's lead and is struggling to garner any decisive momentum. One analyst is now noting that BTC has been holding above a key macro level throughout the past few months. I appreciate the honesty/ the most you tubers this days is only up to the moon/ funny part is that nobody is talking or taking in consideration of what's happening around us !!!!! /stock market , delta variant, inflation and so on; let alone of how bitcoin perform before in the same situation in the past. what's best to do now is to trade with pro treder Daniel as to stack up more even in this period.

  13. Western media it's about emotional manipulation. Hyping war, demonizing Russia and glorifying Ukraine. Politicians never let go a good opportunity go to waste. This war is just a distraction from the virus, inflation and protest. Politicians do not care about the regular citizen, They see us, as useless eaters. They do not care about Russia and Ukraine, they only care about their elitist friends and their financial deals. Think about it and don't let your emotions blind you for what they're really doing; censoring us and taking our rights away. There is propaganda from Ukraine, Russia and Western countries. It is up to you to discern what is really happening and don't let the media and politicians fool you. Don't let them to tell you what to think and how to think. Think for yourself.

  14. Your mom speaks very little Russian. In Poland there is no “arms” either. Russia owns most of the EU. That’s why Ukrainian people own guns.

  15. A very big thanks to the website above 🔝🔝thank you sir for the coin you did for us ….my daughter surgery has Been done and she says thank you🌹🌹🌹….!!!

  16. A very big thanks to the website above 🔝🔝thank you sir for the coin you did for us ….my daughter surgery has Been done and she says thank you🌹🌹🌹….!!!

  17. 12:52 You make them sound naive, non calculating. Big mistake. All of this was planned by the US. The provocations, the rejecting of Russia as part of Europe and even NATO, the constant arming of literal Ukrainian N A Z I S by the CIA , the coup against that Ukrainian dude in 2014 by these Nazis, every little detail is a part of a US neo-con agenda, neatly written out by American intelligence apparatchiks and sanctioned by the perpetual unofficial government of the USA.

  18. 11:48 "Most American journalists" should find another job description, like "corporate tools" and "stenographers to power" tbh.

  19. Great conversation. Thanks, Natalie. Loved the part when both parties correctly pronounced, Nuclear.

  20. China will bolster Russia economically. The sanctions will be ineffectual. This entire situation was provoked by NATO encroachment on Russia, among other factors (failing on Minsk). Put the bear in a shrinking, constricting cage (NATO) prod him with sharp sticks continuously (sanctions) treat him disrespectfully (ignoring the provisions for Eastern Ukraine in the Minsk agreement for 8 years and attacking the culturally Russian people in those regions), and ignore his friendship with the dragon (China) who has very deep pockets and technical strength. See what happens.

  21. The World Bank, like the IMF, uses financial power to manipulate other nations for the U.S. empire. This time, the sanctions will be ineffectual. China will economically bolster Russia.
    The U.S empire is coming to an end. As it wanes and refuses to accept new rising powers in the world, it attempts to stifle Russia’s growing economic power and influence to hold on to its power. This situation should have never happened. It's the 1962 Cuban Missile Crisis in reverse! The U.S. did a coup in Ukraine in 2014, and has been running Ukraine since then, and pushing NATO membership for Ukraine, but Ukraine should not be a member of NATO. It should remain a neutral buffer zone between NATO and Russia. This incident has pushed the Russians to the wall. Putin stated long ago that Ukraine was a red line for Russian security. He's not a Hitler plotting to take more territory. Nor is he insane. These kinds of insults add more tension to the situation. The only ones who will profit from this are the military contractors. They're overjoyed at the prospect of a new protracted proxy war, since their 20 year Afghan cash cow has dried up. When have they ever cared about the innocent lives that will be lost? Wake up! This is insane to play brinkmanship with a nuclear power with hypersonic delivery capabilities and a fleet of submarines.

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