Post
Topic
Board Bitcoin Discussion
Re: Effects of Taliban domination on bitcoin prices
by
Fortify
on 22/08/2021, 18:47:24 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.

What a strange connection to make. What's happening in Afghanistan is likely to have almost zero impact on the price of Bitcoin considering it is a relatively poor country anyway, maybe a few people who are fleeing will have Bitcoin assets but you can hide your money in so many altcoins these days. I doubt there are too many rich people left in Afghanistan after the American's decided to move out - so there would probably have been a bump weeks ago when it was first announced. The people who really had money in that country would likely have a reasonably strong paper trail, because it would be government officials or a few dozen of the biggest business owners, so they would just send it via bank transfer to a safe country ahead of leaving themselves.