Post
Topic
Board Trading Discussion
Re: US- Iran Tensions boost Bitcoin price to $24,000
by
FLoving
on 05/01/2020, 16:21:03 UTC
the conflict may rise the price of btc, it depends on a lot of factors, there may be some people who would like to move money out of iran, and the may think the only way safe would be btc,

if those money are in huge volume there his a probability that it will affect the market, increasing the price in the nearest future,

all the same i don't pray for this tension to escalate
It is right because both of the nations are well aware with bitcoin and the people of both of the nation will want to save the value of their money. They will know that if the war started then the value of dollar and the Iranian currency will drop so the people of these both countries are investing their money in bitcoin from now. There are many people all around the world who also hold dollar so they will also transfer their dollars to bitcoin.