Post
Topic
Board Bitcoin Discussion
Re: Effects of Taliban domination on bitcoin prices
by
avikz
on 22/08/2021, 04:24:40 UTC
The international community views the Taliban's dominance in Afghanistan as increasing the price of bitcoin, and supporters and supporters of bitcoin are encouraging the Afghan people to buy bitcoin to protect their property from economic hardship, but we need to see what happens in the future.

I don't see any impact to be honest. We need to understand that Afghanistan is not rich like Hongkong. Afghanistan is an extremely poor country with only 22% of the population has access to the internet. In Hongkong it's 92% of the population. So we have seen a positive impact on bitcoin during anti-China protest in Hongkong. It's highly unlikely to see such impact in Afghanistan due to this very fact!

Also I don't think Talibans will allow their citizens to use bitcoin at all and possibly impose severe punitive measures to curb any dependency on such decentralized currencies. Unlikely to happen!