As I saw last days bitcoin pumps after Iran declared the war against the United States, On my observation its because some people on the middle east sold they commodities, some stocks and bought cryptocurrency to keep carefully their assets. Do you think guys war was favor on the entire crypto investors? You can share your thought now.
Temporarily, yes. But this war won't last long as Trump already pull back his actions. It is just about for Iran if they want to continue. Therefore the heat between two countries isn't much severe and little by little are becoming gone. So people who are afraid to lose their asset from the start would be pulling back their thoughts sooner.
Is it really happening? As long as I know, trump has no intentions to pull back as well all know how powerful the US is. Iran might want to pull back perhaps. But, if this war like situation comes on an end than we might perhaps expect the prices for bitcoin going back to normal as peoples would again put back that money into stocks and bonds which would give them a stable income.
Most of the forex traders might treat cryptocurrencies as an emergency wallet as they could store their funds in critical situation in those wallets and then again consume those funds once the situation goes back to normal.