Post
Topic
Board Economics
Re: How the situation in Iran might impact Bitcoin
by
allthingsluxury
on 13/01/2020, 14:11:24 UTC
Bitcoin may be bought as a safe haven asset and thus go up if things get out of hand too much. However, most definitely oil and precious metals are going higher over the long term, as the latter is linked to the former and the Straight of Hormuz is vital piece of the oil pipeline for the global economy. Sadly, Iran has the ability to greater disrupt this trade route and will likely do so if they feel desperate enough.