Post
Topic
Board Economics
Re: Would a global disaster increase or decrease the Bitcoin value ?
by
blckhawk
on 18/10/2019, 09:48:01 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
Depends on the magnitude of damage. If its too much, then instead of investing, people might need cash to survive, in which case people would start selling their coins, increasing supply and decreasing market price. However, if only small political tensions arise, then people may want to look into cryptocurrencies as an alternative storage of funds, if they're willing to take the risks of losing part of their money.