Quote from: peter0425 on June 23, 2025, 11:34:56 AM

Quote from: laijsica on June 23, 2025, 05:19:34 AM

The price of Bitcoin is very closely related to the economic situation in the world so perhaps we should not underestimate any possibility because if Iran and its allies start attacking US bases throughout the Middle East the situation will be even more terrible and third World War may break out. I think that the price of Bitcoin will not fall significantly due to the impact of this war but rather it has the potential to increase further because Bitcoin has become a store of value even in the midst of a long-term war and its potential to rise.

Bitcoin is falling right now but not in a way that is concerning, imo. It is still in the $100k. If it comes back down, people might buy again to prepare for whatever the war will bring. Some people might take out their bitcoins if they need to go somewhere and protect themselves. But most would buy so they protect their money from getting devalued.

No, they won't wait for the price to go down first because this is an urgent situation. But, it is only a plus point if there is a coincident like that that occurs. We are often told to diversify, so investors may need to sell their other assets first before Bitcoin if they need a quick money for migration purposes. It is because they think that Bitcoin is the ultimate one.

On the other hand, oil is oil, while Bitcoin is Bitcoin. Both are not the same. So, why will people switch on Bitcoin if there is a difficulty in the shipment of oil? And if the people knows that the price of the oil can surge upwards, then a lot of them are going to invest on it before it happens, for them to earn a decent profit.