Post
Topic
Board Economics
Re: How the situation in Iran might impact Bitcoin
by
wheelz1200
on 07/01/2020, 20:36:24 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.

Honestly I dont think much of anything in the grand scheme of things.  Commodities that are affected in times of disdain will likely move, i.e. oil, but bitcoin wont feel the effects of any conflict unless it turns out to be a huge world wide issue.  If bitcoin goes up then people will like to tie it to some event like this but in reality there are always instances of mere coincidence that happen that get unjustly tied together.