Bitcoin Forum

Shinzo Abe, former Prime Minister of Japan shot dead. Once after this incidents entire stocks in Japan have fallen. Though he is a former Prime Minister, he should've been given even better security. A country like Japan which is a leader to technology and innovation failing in security is really bad. Same time it has the stricter gun control law. The person who shot him have made the gun of his own.

Japan being a crypto friendly country it has got more real-time usage of bitcoin and other cryptocurrencies. Does this incident have any impact over the cryptocurrency market.

First of all, Shinzo Abe is not a cryptocurrency enthusiast or icon but rather a politician, how does his death relate to bitcoin discussion here, if his death cause a stir in the stock market in Japan then i think that is only applicable to that zone and being a share holder and the likes, but cryptocurrency has nothing to do with his death having correlation to the current market price move, and i think this post would have been best suitable to politics and society or economics board than bitcoin discussion.

First I heard of this news & I do agree that perhaps the thread should be moved to a more suitable thread. Regardless though, very sad news & I hope his family will be OK. This kind of news is not good & I hope the perpetrator is caught & hit with the full force of the law. 

Neither the news has been spread virally nor the incident has any chance to impact on cryptocurrency market as he is a former Prime Minister. Apart from that, I can't remember if cryptocurrency market had an impact if some politician died. Only the death of Putin may have a great impact following by US govt.

No, it doesn't

but, in case you want to know, there was a drop in the japanese stock market. From Nikkei 225:

https://i.imgur.com/uWN6cmo.png
source: marketwatch

the diagonal line means there was a halt in all stock exchanges, this occured right after the shooting

As seen in the video, the shooting was carried out at close range and the perpetrator was immediately arrested on the spot by several security officers. I don't understand how the security guards were so caught off guard at the time of the shooting. To be honest it was a crime that had to be dealt with very hard because it seemed like it was something planned.

In my opinion, there is no correlation between the shooting incident and bitcoin even though the Japan stock market is down. The impact may only be on a national scale but only about stocks, not about bitcoin. For now the bitcoin price is even on the rise from the day before, which is a good thing as $22.5K is hit again today.

Even with Japan being a crypto friendly country, a death from a former politician will not affect the price of the crypto market. It might affect or will affect the Japanese Stock market as the former Prime Minister is a stock holder and a politician.

Japanese stock market doesn't correlate to crypto market.

I don't think that the incident has an impact on cryptocurrency.  First, he isn't any cryptocurrency advocate.  Second, he is a former, not the present prime minister, which deducts the effect on the government's administration, especially on the government's take on cryptocurrency.  Obviously, when something happens especially when it involves the security of prominent people in a country, its stock market will react but I  think it is irrelevant to the Bitcoin market.

It is very unfortunate that the prime minister have to meet his end this way but I don't see how his demise will affect the crypto market. The only news that has a direct connection to crypto can only affect the price, this is not such news, am sure many crypto enthusiasts don't even have an incline what influence Shinzo Abe have on crypto (if any). There is no reason to be worried.

There are tensions between Japan and China (mostly about those islands that both countries feel like they belong to them) and Japan and Russia following the attack on Ukraine. Also, Japan was recently invited to the NATO summit. Maybe this death has something to do with that... Or it was just some crazy poerson manifesting their disapproval.

from what i understand from this scenario and this pure incident is that,it doesn't happen dur to the crisis of Russian and Ukraine, maybe it's unknown guy men who is operating to terminate peoples life because of money. And at times all this happen due some of the characters the exhibit when they are in office. Maybe he has wrong people that contribute for coup elimination of his live, Japan is very big technology country to find out what kills this man should not take them time to found out.

The incident is such a painful one and nobody expected it to happen not even the former prime minister of Japan. Right now he is gone maybe because he was not guarded properly by the security operatives. This shows that a lot of things are still lacking in Japan despite its technological advancements. Probably the person who did the shooting had made his plans in such a way that the gun can not be traced.


OP, you didn't show any proof backing the claim that the entire stocks in Japan fell after the news of Shinzo Abe's death broke out and I doubt if this is possible because neither Shinzo Abe is the current Prime Minister of Japan nor is he an important crypto influencer or crypto enthusiast, I think his death can only affect those under his political ally it has nothing to do with the crypto market.

This would have been discussed in Politics & Society, all the same, any country that a top Politicians is shot dead. There are two things involved. 
1. The Political Economy is very bad in the country. That is, the sharing formula is not egalitarian so the angry youths are not happy in anytime or day. They are angry whenever they see a Politician. Because Politicians are the causes of their suffering.
2. Opponents. As a leader, definitely you must steps on toes. So those you have offended are always looking for your downfall at all time.

Finally
In any country if a Politician uses security to guide him or herself, meaning the sharing formula is unequal in the country, so with that the Politicians use the security apparatus to prevent from the hungry angry masses to attack them (Politicians). The number one supersedes the number two in all Societies.

Really sad that a former PM of Japan has been assassinated, I mean of all the countries around the world, Japan is not known to this kind of act.

However, I'm not sure about the impact though, he is no longer in power as PM, and so far when he was the PM we could say that Japan started to flex their muscles as far as crypto and bitcoin goes. So I will say that there will be no effect whatsoever, it's more on the political side of Japan though.

RIP Shinzo Abe. It is a sad story in a very peaceful country.

I agree as consequence of peaceful country, security protection there looks like not too well. Very little security guards, too close contacts with the crowd and response is manual, not with gun aims at the attacker and control him immediately.

I don't see how this accident affects cryptocurrency regulation in Japan. Sorry if I am missing anything.

---

When I read your topic title, I guess you meant about unexpected death which causes losing access of private key, then wallet, then Bitcoin. In fact, it is not what you want to discuss in your topic. It means your topic title is bad and misleading.

• Topic title style guide (https://bitcointalk.org/index.php?topic=102944.0)
• Make your topic title, posts more attractive (https://bitcointalk.org/index.php?topic=5182260.0)

I'm afraid the consequences of this assassination could be far more dire than what we see, from political turmoil to international conflict namely between Japan and China that historically have had a lot of problems. They say the Japanese legislature now is not going to dare oppose Abe's reforms to the pacifist constitution and their dependent and severely limited military.

All of this could end up messing up the economy which in turn could cause more volatility in bitcoin market.

So far I have not seen any impact on the market by the death of the former prime minister of Japan, cryptocurrency and the struggles of politicians are not related. It is possible that the Japanese domestic market will be affected.

It's hard to believe that an assassination would happen in a country like Japan, a country with very few riots or shootings, hoping the Japanese government will tighten gun ownership in their country in the near future and offenders need to be punished appropriately.

Why do people try to relate every events with the price of bitcoin? What does Shinzo, the former president of Japan being shot has to do with the price of bitcoin? No, it didn't affect the price when he was shot, nor would it affected the price in the future if he wasn't shot. The price of bitcoin isn't pegged with someone or something. If that would be the case, every time someone influential dies, the price would have crashed. Even if the price does get affected, it would be short term and would recover very soon.

First of all it has nothing to do with the cryptos and the blame should be on the laws and security system in countries all over the world. Many countries give enough protection for the former political leaders as well for certain period of time but it varies differently from one country to another so after this incident the Japan may consider adding more security for them which may ensure such incidents won't happen in future.

It's given that many countries are grieving his death because he is a good president. But he didn't have any known contribution to the crypto-community enough to shake the market. It's not like he is a developer of some crypto or owns a huge amount of bitcoin that his death will really make an impact to the market. Why is it when people around the world are affected by a certain news or issue, they always correlate it to bitcoin's price movement even if crypto is not related.

I'm shocked for what happened to him. I always thought this is the kind of thing that would never happen in Japan, because japanese people are popular for being polite, honoured, civilized and pacific (at least on our modern days). I would like to understand why someone would want to murder him cowardly behind his back.

About stocks falling, it might be the trigger for some investors to protect their funds from this temporary dump through cryptocurrency and bitcoin, more specifically. But I don't expect it's going to cause a big impact, anyway. Otherwise, bitcoin should be rising right now, while in fact it's stable and losing value a little bit...

The crypto market disturbance will depend on how Japan further reacts on this matter and at current the price charts are not affected but soon it could have adverse affect as we are talking about former PM assassination during it's conflict with China.

The news is very sad and have heard that hand made bullets were used and this could be well planned play as security was not so low at the time but still family must be going through tough times.

Japan has less crime rate and guns are prohibited to civilians just as most Asian countries as far as I know. Never did they expect someone with a gun will attempt to attack Abe.

There are already Anti Chinese conspiracy theory about the death because the former PM still has a huge influence to opposing Chinese aggression to Taiwan while the current Prime Minister are open to make Japan neutral to Taiwan-China unification.

There will be no impact at all to the crypto space. Abe was not even the Prime Minister anymore and also during his active time he never really said anything important about crypto that would now change. The only way I could see this to impact bitcoin would be if it was a killer that was payed for the killing via crypto. But there are no news about that.

If ever Shinzo Abe hold some Bitcoins and he is the only one got access to the wallet or private keys and will not recover anymore then the Bitcoin will be lost forever and it will help to reduce the circulating supply of Bitcoin other than that there will be no effect on cryptocurrency or Bitcoin market at all.

Unexpected death? But do we all expect death to happen with us? I guess no. There are those who try to kill themselves intentionally but many aren't successful. If it's not your time, it's not going to be yours. It is said that Shinzo Abe was an ex-prime minister. That must be the reason why he didn't have a security. It's true that japan excels when it comes to technology but you can't just expect them to be good at other things.

There must be a balance in this world, though japan is a peaceful country and people there is well-disciplined. Maybe that is the reason why they aren't strict. I think this news won't have any impact to cryptos. I don't know why op think it will?

Unexpected death is an unplanned,unbargained event that occurs suddenly and earlier than one expected.It is an event that come without warning,it may happen in a few seconds,like an accident or fire.It has very different causes,but what unite them all is that they are all unexpected and unplanned.This is what happens every here and then,and it is very bad because one's dream and ambition is just cut shot the moment it comes,that is why it is adviceable to take caution,to be careful so as not to be a victim when it's not yet due.

I think Japan wants to protect Taiwan from a possible Chinese invasion, and after Abe's death, this plan has become closer to reality.

I recall after watching the footage of the assassination, his "bodyguards" were quick in neutralizing the threat only after the second gunshot. One of Abe's officers had quit literally used a briefcase to stop the projectiles firing from the assailant's gun, to no avail. Not much that they could've have done in real time, but perhaps in hindsight not using a briefcase to stop a firearm will be added to the training books.


Political assassination only have local effects on the economy, not global ramifications. Exceptions being political leaders in large countries in high power, ie the U.S. President or Chinese President. Sometimes the local economies aren't even effected. Mexico sees routine political assassinations and they're added to the growing body count without any apprehension from anyone.

Not in the slightest. This is a knee jerk reaction to the incident and any stock falling that has occured will soon be back to it's previous levels. Things like war, dictatorship, sanctions, those things impact markets, nit an isolated case in a relatively safe country.

Cryptocurrencies, currently, has no specific direction as many factors affect its price and Japan usage cannot make any significant impact. I thought blockchain technology and bitcoin in particular was designed to help during time of crisis like this but we keep seeing it falling. The death of the Japan former prime Minister is a sad one and to me it will not affect crypto much as we already have bigger problems in the world and that is the war in Ukraine.

Mehn am sure he will have some bitcoin in his wallet because Japan is one of the lovers of bitcoin. If it happens that none of his family members has access to his account that mean his bitcoin is gone for ever. His death is unplanned one, which I have learnt from that it is important for one trusted member family to get access to things like wallet after death.

That's is what I am also thinking,  maybe Japan is a country where criminal activities are less that is why leaders move without any security.  In some top develope countries leaders and politicians move without security officers. The death was an unexpected one, nobody ever thought an incident like  this will occur.

Unexpected Death?


Of course, if Abe was a Christian, we'll see his unexpected life in eternity... of course, if we are Christians, as well, and make it there ourselves.



8)

I would have expected such news to come from a developing nation or an economically devastated nation and not the super power Japan. The security apparatus of that nation really failed in gathering intelligence report or it might be pre-planned political assassination. This is another proof that economic prosperity might not guarantee protection because politicians would always have enemies. His death directly or indirectly might affect the Bitcoin market because it might be very difficult to totally separate the economy from political outcomes. Every political decision would always have an economic consequences or undertone.

I still find it difficult to understand how his death could affect the Bitcoin market because Shinzo Abe was not a crypto lord during his reign as the prime minister even until his death unless there's something that is yet to be disclosed that we don't know. Politically Shinzo Abe's death would have caused a setback in the Bitcoin market if he was still the Japanese prime minister or if he is in charge of their stock exchange. His death can only bring fear and instability in the region for some time due to the nature of his death but I don't think it has a strong effect on their economy.

Am still wondering about it too why would a top government official move without any security. No matter how safe a country is it is very important for leaders or politicians to have some security moving around with them, because they have oppositions who are not of the same interests,  that will always want to fight back. As for his death I don't really know if it will affect the bitcoin market.

Unexpected death is an unbargained event or occurrence ,that leads to lost of life.unexpected death happens suddenly at any time, the moment a person is dead, in one second,his or her body system,(respiration, excretion ,blood circulation)stops.  Unexpected death is an inseparable part of life,and it is ideal we human just deal with it because we can change it.It is natural,so we have to accept it in good fate.