Post
Topic
Board Economics
Re: How the situation in Iran might impact Bitcoin
by
Febo
on 13/01/2020, 17:23:49 UTC
I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.

I wonder what a situation like this may cause to the crypto market.

Killing of Soleimani  drastically improved Iran government stand. We saw demonstrations against government only a month or two ago. That is now total past. People started trusting their government much more. They support it, because they dont want that Iran turns into Iraq or Afghanistan. 

Stronger the government is worse situation is fro crypto and Bitcoin. So what happened in January is negative for Bitcoin in Iran. What was happening at end of last year was super positive.