Post
Topic
Board Economics
Re: How the situation in Iran might impact Bitcoin
by
Mometaskers
on 12/01/2020, 14:08:27 UTC
Wow, $29k! I think that's even higher than the ath in 2017. But then again, if they are really afraid that they might lose it all if they ever get invaded, might as well lose a bit buying at that price and salvage what's left.
Not sure about the legitimacy of the price and now Iran started firing back at US base and things are getting worse and it might go to full fledged war, if that happens then there will be a globally issue as the problems these will be created will be felt everywhere. Now looking at what US is going to do and if they retaliate to the strikes then it will affect the price of bitcoin as well as other financial assets.

I also can't find more information about that listed pricing. But so far the tension has subsided a bit after Iran has had its revenge. Only time will tell if there will be further escalation. If there is we might actually see an effect. The more affluent ones there will try to find ways to secure their money in case it gets worse.