Post
Topic
Board Speculation
Re: What do you think the effects of soaring prices and fiat depreciation is on BTC?
by
lizarder
on 13/03/2022, 05:47:35 UTC
~
the evidence can be seen from various existing media sources, as I said before, the effect of war tensions between the two countries is indeed there, but the effect is not that big, in the past two days bitcoin has gone up a little better, although it finally returned down, if this is broadly linked to the case, should bitcoin have been at its lowest price since the start of the war, I understand that?
Yeah, the effects haven't been that big so far but the price fluctuations and fear in the energy market was also never this high. As I said this price rise affects everything, oil, etc. are not just some some random assets in some market, they affect everything.

P.S. It seems like two Saudi oil facilities were hit again yesterday during all these price rises although there is a heavy media silence looming over it or it is being heavily censored. Oil market doesn't seem to have felt the fear yet.
for the issue of fluctuations and fears in the energy market may have an impact on this case, because oil is a much needed energy source for now, when this happens and gets worse, maybe there crypto in general will be affected more, but this will take time, and I think in the future if this case of tension escalates and crypto is not affected more, then the achievement of new ATH specifically for bitcoin will be even more likely