Post
Topic
Board Bitcoin Discussion
Merits 4 from 1 user
Re: Bitcoin and Ukraine war
by
dkbit98
on 07/03/2022, 15:27:30 UTC
⭐ Merited by pooya87 (4)
+How many wars have Bitcoin experienced so far?
-Nothing
Wrong.
There are many wars happening around the world all the time, just start counting ones that United States started, last one is still ongoing  in Yemen but nobody talks about it, than you have four years in Libya, than in Syria, war in Iraq, and maybe some other I don't know.
Israel ion in war all the time with surrounding countries, and many other local wars happened since bitcoin was created.

So it is natural that most people, because they do not know the reaction of bitcoin, turn to other assets such as gold and oil. The escalation of the conflict between Ukraine and Russia will also cause more fear among investors.
It's not only prices of oil that is going up, but food, grain, rice and everything else, including metals that are used for manufacturing of microchips (expect new wave of chip shortage).
China stocked up a lot of rice and all other food, so it seems to me they are preparing for next big world war.