Post
Topic
Board Economics
Re: The impact of war on global economy.
by
AnonBitCoiner
on 20/11/2023, 16:07:28 UTC
I think it's true that world war will not only have an impact on stocks, even crypto and gold will also have a very big impact and currencies in certain countries will also be affected, I think and oil could be the most important resource, even the price of oil can become very expensive in some countries. What do you think, I'm just saying what's in my head, correct me if I'm wrong, give me your opinion about this, is there a positive impact?

World War has negative impact on countries because there is not a single country which is completely independent therefore for anything which is not present in their country they continue the process of import and export to offer each facility to their citizens. The price of certain things increases because that are not present in a country and from outside the country when war persist then it is not possible to carry out import and export.

Oil and other energy cost can be greatly enhance due to global war but in my perspective crypto is totally unaffected with war because bitcoin price remains at the same position but instead any harmful effect on bitcoin the price of it is increasing continuously. The effect on bitcoin is only due to rumours as well supply and demand but wars have no effect on crypto market at all.