Post
Topic
Board Bitcoin Discussion
Re: Effects of war on bitcoin
by
Fivestar4everMVP
on 11/05/2023, 07:23:35 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.
Personally, I think wars have more negative effect on the local currencies of the countries involved, and not bitcoin, Infact, to make it even plain, wars rather bring positive impact to bitcoin because, when countries go into war, the local currency of that country is unsafe to hold, those who care would be looking for alternatives currencies to hold their money in, and that is when bitcoin comes in.,

The fact that the price of bitcoin reduced during the time russia and Ukraine went into economic war, might not necessarily mean that that was the reason the price of bitcoin came down..