I cant keep up with the news the last bomb shell was trumps terrifs and btc went to 75k, . Are US investors saying this could be bad for the american stock market so last buy crypto: so it will be good? Or will the traders say btc and when I say btc I mean all coins, that when the nyse is too linked to bitcoin and even though bitcoin is country less but seems US drives the price. You can see when this administration is insider trading. Always a day late so we pick up the tab when they pump and dump.
Have anyone heard about the Strait of Hormuz? It's a strait between the Persian Gulf and the Gulf of Oman. 20 million barrels of oil, which is 1/5 of global oil consumption and Iran can close that. If Iran does that, then the oil market will react with sharp price spike because there will be a sudden shortfall of oil. But what do you think, what will happen in Iran closes that? Guess what? It will be open soon via force but I'm afraid everything leads us to World War 3 and then I don't know what will happen.
There are only two outcomes. If there is a severe economic crisis, people will either sell all of their Bitcoins to have a money for food and utilities or they'll buy Bitcoins with the hope that it's the only thing that will help them to financially escape.
I'm afraid the first one is going to happen.