Post
Topic
Board Economics
Re: In times of war, Gold rises. What about Bitcoin?
by
bbigtart
on 20/10/2023, 18:22:53 UTC

These goods only increase in areas where there is war, whereas in many areas that are still quite safe there will be no sudden increase in the price of goods by a significant amount. So you cannot generalize the prices of all goods in all regions of the world, unless all countries are hit by a major war and there are not enough goods to use because the production that can be carried out by companies and factories is limited. Meanwhile, most cryptocurrencies skyrocket due to good moments and news about them so they will not be affected by wars occurring in certain regions, unless all countries are at war so investors have difficulty accessing the cryptocurrency market.

I do not agree. When a war occurs, all countries will be affected, especially if the country at war is the country that produces the most natural products, such as Russia's war against Ukraine. Basic materials in several countries are increasing. War will cause a very serious economic, energy and inflation crisis, war can occur between countries or within countries. We can take this as an example in the 90s during WW1 and WW2 which occurred almost all over the world.

Of course, the things that save your assets when a war occurs are gold and bitcoin because these two assets are able to protect our assets from inflation due to war.