Post
Topic
Board Speculation
Re: Will bitcoin will move up if there is a war with Iran
by
Hallmader
on 16/01/2020, 09:43:39 UTC


Have you not seen how Bitcoin is rising even more when there is no war? Why are you equating wars with Bitcoin price increase.

The dreaded Iran and US war, which was more like an imagination rather than an actual possibility, has been over. And Bitcoin is rising very fast.  The tension between the two countries has already subsided. And Bitcoin has just made an ATH in two months.
If you think logically on this topic, it is quite possible to assume that an increase in demand for Bitcoin will increase its price instantly.  And if we assume a real threat of military operations on the territory of Iran, then most citizens and big business will need to save their money through profitable investments, and in this situation, buying a cryptocurrency will be a profitable step for these people.

Possibly, but what happened to the price of Bitcoin recently did not follow or come from that line of argument. For one, we do not even know how few people know of Bitcoin in Iran. I do not even believe that the Bitcoin owners in Iran and their Bitcoin holdings are significant enough to cause Bitcoin to pump and dump depending on their situation.