Post
Topic
Board Bitcoin Discussion
Re: Effects of war on bitcoin
by
Zilon
on 03/05/2023, 18:06:50 UTC
Different countries issues is the reason why bitcoin is suffering price loss, when countries are not at peace with others, the whole nations suffered economic crisis, I remember when the price of bitcoin start going down was same season Russian x Ukraine start economy wars. Bitcoin seem to remained statics because of sentiments by this countries attitude towards the resourceful digital products that would have swim financial hardship.
I think as more sanction from the US was imposed on Russia it plunged the price. War naturally wasn't meant to push Bitcoin price that dip but as various nations particularly the US seized from having deals with the Russians and also triggered other nations to follow suite price of Bitcoin kept plunging. Wars impact on Bitcoin price was felt most when more countries got involved. It wasn't really Ukraine-Russia crisis that made price plunge so deep but sanctions did.