Post
Topic
Board Economics
Re: How the situation in Iran might impact Bitcoin
by
daarul50
on 05/01/2020, 12:10:23 UTC
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.
Not everyone and not necessarily.  Sometimes during times of war, investors start buying up defense stocks and related ones.

In any case, I'm not even up to speed on what's going on in Iran at the moment and I only heard about Trump ordering a hit on someone over there by reading a thread on bitcointalk.  That's sad--I've got to pull up a news site after I write this post.  But as far as bitcoin is concerned, I don't think war is going to affect its price all that much unless it's an all-out world war, and I don't think that's going to happen because of a situation with Iran.  It's not like the US and Iran have ever been that friendly, and we almost attacked Syria a few years ago under the Obama administration.  That was after bitcoin was created and it didn't seem to have much of an effect.

But we'll see.  And I'm hoping Trump doesn't do anything even more stupid before he gets kicked out of office.
trump has nothing to lose now , he won't get elected in the next presidential election for sure and using his last power to do crazy things with trump style.

here is i quoted from the trump dumb tweet to trigger something crazy :
"We have ... targeted 52 Iranian sites (representing the 52 American hostages taken by Iran many years ago), some at a very high level & important to Iran & the Iranian culture" and "if Iran strikes any Americans, or American assets... Iran itself, WILL BE HIT VERY FAST AND VERY HARD,"

it seems the world war would be kicked-off when trump really do that, and guess what?
all the market will shut down closed for unspecified time.
but for now things did not have any big impact.