The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out? Who will suffer most and where will this lead our economy as wars always leads to inflation.
This is the only time I feared the positive effect of an external factor to crypto, it could be anything but the case right now is a possible war where the world is in danger, lives are at risk and economy will be at large. I'd rather see the prices below our expectations than seeing the world fighting in war.
Third world countries who might be entering this potential war. If war were still going to break out, and price at significant producer were going to spike it up countries who are barely make to buy are the ones who are going to suffer more especially those who are in a heavy loans. In addition to this, crypto currency will surely be skyrocketting especially in their local exchange as the tension goes on. And it alreay happened at Iran, right?
I guess third world countries will just be in surface if they got damaged or harmed during the war. US-Iran tension escalated quickly after a consecutive strikes. The price changes in 2 weeks is a sign of massive conversion in Iran on which price of bitcoin on their local exchange is way different from ours. We could do nothing about crypto when war really breaks out.