Quote from: Marvell1 on Today at 10:35:06 AM

Quote from: Oshosondy on Today at 08:16:35 AM

I will expect the oil price to increase but I do not know how it can affect the global economic.

Rising oil prices will negatively affect the economy because almost all economic activities such as production, transportation...require oil and when oil prices increase. That means inflation will increase, prices of goods will increase, cost of living will increase...The economy will slow down and lead to a series of stagnant conditions, including financial markets, especially speculative markets will be severely affected. That's why bitcoin dumped along with the stock market when the Russia-Ukraine war broke out.

I don't know if this time is different, but if the world still sees bitcoin as just a speculative asset, I'm not optimistic if the war gets more serious and oil prices go higher.

I believe that any effect of the war on bitcoin price will only be temporary and at the end bitcoin price will always pump.

During wars, Government losses a lot because they cannot use only money from tax to fight war alone which will lead to them printing more money to cover the cost and that will lead them to debt

If Government prints more money, it will lead to inflation and debasement of currency in the long run. Investors will see bitcoin as a store of value and invest in bitcoin which will make the price of bitcoin increase. No worries, the rise in oil price will definitely affect the economy but it wouldn't affect the price of bitcoin that much. Russia did the same by cutting their supply of gas to European countries when they just started the war with Ukraine.