Re: How can bitcoin be handy if WW3 happens?

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Scraped on 23/06/2025, 12:56:03 UTC

Quote from: peter0425 on June 23, 2025, 10:08:20 AM

Governments would need to print more money to budget for fighting other countries. This will surely lead to inflation. This is where crypto would come in handy. Bitcoin can be a safe haven for most.

If World War III were to occur, the economy would not only face inflation but also the possibility of complete collapse, and will bitcoin become a safe haven or will it be dumped heavily? To be fair, it is still too early to say that bitcoin will become a safe haven as it has never experienced anything as bad as a world war or economic collapse. So don't rush to make claims without evidence.

Quote from: peter0425 on June 23, 2025, 10:08:20 AM

I am sure now that people would be buying crypto in fear of the war happening.

IfI think the opposite, people ~~buy cryptocurrencies~~are selling and ~~see them as a safe haven due to war fears, why does its~~that's what's happening. Bitcoin price ~~fall as conflicts escalate?~~drops below $100,000 shortly after news of US attack on Iran nuclear facilities. It's clear that people don't buy like you think.

Original archived Re: How can bitcoin be handy if WW3 happens?

Scraped on 23/06/2025, 12:51:21 UTC

Quote from: peter0425 on June 23, 2025, 10:08:20 AM

Governments would need to print more money to budget for fighting other countries. This will surely lead to inflation. This is where crypto would come in handy. Bitcoin can be a safe haven for most.

Quote from: peter0425 on June 23, 2025, 10:08:20 AM

I am sure now that people would be buying crypto in fear of the war happening.

If people buy cryptocurrencies and see them as a safe haven due to war fears, why does its price fall as conflicts escalate?