Post
Topic
Board Economics
Re: Impact of Italy's crisis on the Bitcoin price?
by
naidray
on 21/12/2018, 11:39:22 UTC
With Italy making a big statement to not follow with the imposed European Union budget (see this crazy sequence: https://www.youtube.com/watch?v=erSSC85CME4 ), things are starting to get serious. Salvini may be nuts enough to not be bluffing.

Are we going to see the start of the biggest EU crisis yet? Italy is no Greece, it is too big, if the same scenario happens (this time with the far right instead of far left but same result) are we going to see an impact on the Bitcoin price?

If Italy goes Greece the consequences will be felt all over the world IMO.
We have once again seen that bitcoin is a whale run currency just like other currencies and as long as there is no big deal going inside bitcoin the outside affects won't be too major to change anything. Whole of USA could bankrupt all together and it won't affect bitcoin as much as Craig selling 30+ thousand bitcoins all at once.

We are our own little island and nothing huge could affect us as much as ourselves. We need to figure out a way to distribute bitcoin as equally as possible around each other to stop this looming threat and danger of someone selling a lot of coins all at once. We need to make sure no one has more than a thousand bitcoins at once. If people have more than a thousand bitcoins that means they are a threat to the price and for all of our livelihoods.