Post
Topic
Board Economics
Re: Iran/US tension's effect on crypto and economy ?
by
YOSHIE
on 11/01/2020, 14:40:40 UTC
The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out?
What you say has definitely had a positive effect on Bitcoin, gold, oil in Iran today.
With the heat up in the current conflict in Iran will cause the price of Bitcoin, gold and oil can soar soaring sharply.

In my opinion, if the war between Iran and the US exploded into open warfare, I am sure investors will aim for some currencies that are considered safer for them.

For example:
Investors will be targeting such as gold, yen (Japan), virtual currency, with this currency can be said safe haven assets, because the exchange rate is easier to strengthen.

The most severe effect that occurred in Iran if the war heats up will cause, most of the stock exchanges to plummet and fall will influence negative sentiment towards the US-Iran conflict which is the most fatal will occur.

Instead, investors turn to Bitcoin, gold, instead of investing in the stock market, so the price of Bitcoin, gold will skyrocket.