Quote from: Blitzboy on January 04, 2020, 04:43:41 PM

Quote from: abdobe on January 04, 2020, 04:10:57 PM

Quote from: Jet Cash on January 04, 2020, 03:49:49 PM

Apparently the price has trebled on the local Bitcoins market. So is it rich people trying to preserve their wealth, or is it people using it for everyday purchases? Mohammad Reza Pourebrahimi, chairman of Irans economic commission, has stated that more than $2.5 billion has been transferred out of the country via Bitcoin. Will this be the primary function of Bitcoin as we creep towards World War 3?

Bitcoin will serve as a means of preserving and transmitting value. During warfare, it is more flexible and versatile than fiat money and bank accounts. It can not be stopped by the statement

Exactly, it can do things like that, but it always comes with risks. If you transfer most of your wealth to Bitcoin, it's like a venture capital investment. You do not know how much your money is in the future, it will depend on the value of bitcoin. What would happen if Bitcoin dropped more, even $ 3,000 per bitcoin? You lose more than half of your money, terrible! But anyway, it's better than anything else when war breaks out.

Its not what they worry as for now but the wealth to be secure and safety of their lives. War can take years and years before it ends so keeping it in BTC makes sense.
But $2.5B in just a day, certainly these buyers are very much in panic. I really think this won't end to WW3, there is just too much to lose for Iran since they aren't that equipped to go war.