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.
Wars are not actually good for the economy of any country. Economic conditions of the countries participating in the way like situations drops quit quickly which also drops the price for their specific fiat currencies. It keeps the peoples from those countries on the descending rate of economic conditions. In this case, peoples might find investing in cryptocurrencies like bitcoin beneficial as they won't have to face any economic challenges by investing into the decentralized currency like bitcoin.
It might be something which might be deriving the price for bitcoin on the peak after the surge of the war but it might not be expected for long term as war has to end sometime and peoples might convert bitcoins back to their fiat once they feel the economic condition of their country is stabilizing.