Post
Topic
Board Bitcoin Discussion
Re: what does war with iran do for bitcoins?
by
CryptoBuds
on 24/06/2025, 04:04:49 UTC

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.

People will sell bitcoin not just to buy food or utilities, they will sell all risky assets and seek safe havens to protect their assets if the war gets worse and the economy falls into crisis. That was bound to happen, and the clearest evidence was when news of the US bombing Iran’s nuclear facilities made the world more nervous and the price of bitcoin fell below $100k.

Update: today there is a ceasefire and bitcoin price quickly recovered, this is positive news but this makes it more clear that the world still does not consider bitcoin as a safe haven. Bitcoin only goes up on positive news and down on negative news, this is not how safe havens work.