Post
Topic
Board Economics
Re: How the situation in Iran might impact Bitcoin
by
awik p
on 05/01/2020, 04:18:02 UTC
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

The scenario in Iran could explode there could be a second wave of attack, if that happens those in Iran who knows about Cryptocurrency and Bitcoin could have an option to convert all their wealth to Bitcoin, and make a safe haven in other countries that are Bitcoin friendly, this is something the community is watching and waiting and validating that Bitcoin is a safe haven for a country that is facing this kind of situation.

I don't believe there is enough "critical mass" of Bitcoin adoption in Iran to have any meaningful impact on the global price. I assume most Iranians would try to change their money into Euro or Dollar.
but previously Iran had already given a view of cryptocurrency, and reduced dependence on the dollar, especially with the death of their generals, I think it will be a new chapter, the fastest to receive the effect is the price of oil, but not yet visible on bitcoin