Post
Topic
Board Economics
Re: Iran/US tension's effect on crypto and economy ?
by
deisik
on 13/01/2020, 11:57:07 UTC
More people are running away from fiat to cryptocurrencies, one they there will no one left in fiat world, just politicians and banks, together with some governments

Well, as much as I would love that to be true myself, it is still mostly wishful thinking

People desperately need fiat to pay for their daily expenses, and taking into account that the vast majority of the world population live paycheck to paycheck (and many of them on credit at that), they are not interested in cryptocurrencies. This is simply the way things are, whether you, me, or whoever else likes it or not

We don't even know how much of the recent spike in Bitcoin's price is actually due to the showdown between Iran and America because cryptocurrencies as whole play a very small role in the global affairs, and thus are pretty insignificant in the larger picture to reach any definitive conclusion on the matter