Post
Topic
Board Economics
Re: How the situation in Iran might impact Bitcoin
by
Colt81
on 08/01/2020, 09:55:41 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.
Bitcoin might increase it's price if the war in Iran will happen because gold and oil has also increased, so automatically a lot of wealthy or rich people will store their funds in bitcoin as their safe asset. But i still fear the war between Iran and US because even it will have an effect on bitcoin's price, a lot of people will die.