Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
philipma1957
on 24/02/2023, 18:00:05 UTC
Bitcoin has held up well through all this chaos even as traditional markets are breaking down.  That's a good sign for now and hopefully the "cycle" continues to overpower global investment conditions.  It would be pretty nuts if traditional markets and real estate all fell while Bitcoin saw another boom cycle.  It's almost hard to believe it could be possible, as we would all be in very good positions to invest in traditional assets.
If btc has a boom/bull run despite what is happening in Ukraine and all other markets continue to fall then btc will prove that it is the superior currency NOT investment but currency. You do not want to use a currency that is unstable in war because historically people have always been at war. If btc can avoid falling while every other investment fund drops we will prove that btc can be trusted even when hardship occurs. It will increase the adoption because people will believe in btc more because they can secure their futures more then the dollar and they can take their money and spend it when they want to instead with Russian currency they suspended withdrawals at the start of the war which left people hungry. That will never happen with btc because you are the bank.

I can say this post war economy usually means a boom.

So the end of the Ukraine vs Russia war should e a nice boost for the worlds economy.  Also both Ukrainians and Russians will not be suffering the pains of war.

To anylize  how well btc did since the war started last feb here are your numbers.

dollar lost  7-10%
gold   lost  3-5%
silver lost 10-12%