Post
Topic
Board Economics
Re: How the situation in Iran might impact Bitcoin
by
agentx44
on 06/01/2020, 11:48:10 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.
Even if we are not talking about Iran, we all know that a war would cause detrimental effects to any aspects. In crypto, it might decrease most of the coins value as everyone gets busy on maintaining the peace. People will lose time on their investment and as a result, the value will keep on falling continuously. Some may take the opportunity to buy crypto as its value falls but the risk of dying will increase which makes you unable to use the crypto you bought in a cheap price.