Post
Topic
Board Economics
Re: Would a global disaster increase or decrease the Bitcoin value ?
by
Kimonoe
on 14/06/2019, 03:26:28 UTC
Hi ! First message here.

If a global disaster would happen on earth ( And I somehow don't wish it ) Would the value increase or decrease ?

I'm not talking about solar flares or EMP. But more like big wars or great natural disaster.

What are your opinions on the subject ?  Cheesy

Internet is the most important tools in using cryptocurrencies. Wars and great natural disaster will totally shut off the internet and decrease the usage of cryptocurrencies. You can't use cryptocurrencies if there is no internet to support it and bullrun will eventually useless to those affected investors, traders and users. The price of the coins might eventually affected in the event of prolonged conflicts and disasters.
at such times, of course no one can transact cryptocurrency. and I think of course the price will drop, it even becomes worthless. in damaged conditions, of course food will be very expensive to survive