Iran/US tension's effect on crypto and economy ?

[abhiseshakana]

If the war continues, obviously it will bring the affected country's economy down. They have to recover from the expenses, and damages that the war brought. Even in my country, there's a threat of an oil price increase. The one who will suffer are the normal citizens, not the president. It's their fight but others are the one who will suffer. I hope that this war won't get worse.

War will not occur between Iran and the United States, the United States does have the largest military power in the world, but it is important to remember that military power is only used to legitimize economic power. As Iran builds a nuclear power, it does not really want to fight with all its ideologies but to support its economic growth so that it is not easily conquered by the surrounding countries.

So what America does in Iran and the Middle East is only trade diplomacy strategy, after trade domination has shifted to China. In early 2019, the US Secretary of Defense said that their focus was no longer fighting terrorism but threats from two world powers namely China and Russia (https://www.bbc.com/news/world-us-canada-42752298).

I conclude that America will not use terrorism instruments to enforce its military hegemony as a global police. The Middle East, China, and Russia are three war fronts, usually, American wars are only 1 to 2 fronts, but this time America is openly waging war with 3 fronts but the aim is to turn the wheel of America's economy by creating a crisis even though it is guarded against real physical warfare. In conditions ready for war like this the first thing America must do is determine who is the opponent, who is the friend.

So tensions around the Middle East will benefit the United States economically because conflict and tension mean income for Americans from the sale of military weapons. While the conflict brought an economic slowdown for Iran, in addition to infrastructure damaged by the war (if war happens). Budged which should be used for development, public services, and economic wheels must be allocated to fund the war. But I think it will not have a significant impact on Cryptocurrency.

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[SaShiRaJaVu]

The biggest sufferers of this conflict were families of Ukraine plane that now Iran has confirmed is shot down due to human error. War is not a good thing, those who start remain beneficiary of the war while innocent civilians lose their lives and loved ones. May peace prevails.

It was a really unfortunate chain of events, US started the escalation and they countered with missile strikes and those passengers were unlucky to be at the wrong spot at the wrong time, even though they denied it was their fault initially they had the courage to reveal their mistake and this is not the first time a civilian flight is gone down due to grave errors.
The price is moving up even today and it has nothing to do with the tensions in Iran i guess. It is a naturally progression in my opinion irrespective of the situation.

[Mpamaegbu]

There will no big war between Iran and USA, that is for sure. USA is in no position to take the risk for another big war in the Middle East.

Certainly, the bolded (my emphasis) isn't true at all. Remember it was the US that attacked and killed the Iranian security chief first? If the US weren't prepared for war she wouldn't have hit Iran first. I believe knows it's at a disadvantaged position here with the US. So, she's going to concede that to the US and eat the humble pie.

[acdc]

If the war broke out the people were the ones who suffered the most, but for the current situation I think it won't happen. More than anyone else in Iran understands that they will lose the war with the US, besides that the US does not want any more war at this time. Perhaps both sides will remain tense for a long time, but war is unlikely.

[HarmonyA]

The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out?  Who will suffer most and where will this lead our economy as wars always leads to inflation.

I don't see any reason why Iran-US disagreement would crude oil price and crypto.  These are mere speculations,  In 2019, we already seen the market analysis which made some of us predict a surge in Bitcoin price.
Despite this, the price surge is still not significant enough as I still expect  something better.

[deisik]

Anyway this conflict somehow made btc to rise above $8000 and this horrific event lead to greed

Technically, we don't know that

Commentators are just making deductions and drawing conclusions, but that's simply how we like things (explained), and how our minds internally work (to explain things with plausible reasons). We are prone to look for and see causal relationships where there's only a statistical correlation or just a coincidence (remember, correlation doesn't mean causation). This is known as selling the narrative, and if you are buying it, stop doing that and think for yourself. Bitcoin is rising and falling for no apparent reason so often that you should instantly question the validity and veracity of this narrative, or any such narrative. It can be a trigger, though, but then anything can be

[Polar91]

Anyway this conflict somehow made btc to rise above $8000 and this horrific event lead to greed

Technically, we don't know that

Commentators are just making deductions and drawing conclusions, but that's simply how we like things (explained), and how our minds internally work (to explain things with plausible reasons). We are prone to look for and see causal relationships where there's only a statistical correlation or just a coincidence (remember, correlation doesn't mean causation). This is known as selling the narrative, and if you are buying it, stop doing that and think for yourself. Bitcoin is rising and falling for no apparent reason so often that you should instantly question the validity and veracity of this narrative, or any such narrative. It can be a trigger, though, but then anything can be

This will in fact, falls to the Questionable Cause or the causal fallacy, false cause, or non causa pro causa fallacy in which people believe about a particular cause that is in fact, incorrect. For example, "Because of War, People will buy Bitcoin", which isn't proven true. But considering that market price of bitcoin increases because of the tension, these mindset of the people do actually drives the market price of bitcoin, therefore, even without proving this belief to be true, as long as there is a belief and people make an action in a form of accumulation of bitcoin, we will have a profitable market.

[alyssa85]

Despite World War III being averted, it looks like Iranians are still panic buying bitcoin:

https://cointelegraph.com/news/bitcoin-is-becoming-more-valuable-to-iranians-amid-tensions-with-us

Do Iranians really believe in the power of Bitcoin?

With all of the news stories recently floating on the internet that claim people in Iran are scurrying to get their hands on Bitcoin, especially in the wake of the recent geopolitical tensions that have been rising in the region, Cointelegraph reached out to Hadi Nemati, an Iranian digital currency specialist and chief operating officer of Bitfolio Capital — an open-end crypto hedge fund. He pointed out the following:

    “After the summer of 2019, many Iranians came to know about Bitcoin because of all the mining news and the use of electricity associated with the same which was vastly covered by various state media outlets and newspapers. Bitcoin, on a mass scale, is being seen as a speculative alternative asset and digital money.”

When asked about which section of people among the local masses are actively making use of Bitcoin the most, Nemati pointed out that a threefold categorization can be made:

    Miners: This, in Nemati’s opinion, is the most dominant group of the three — both on an industrial and retail scale. However, miners are forced to liquidate their BTC holdings regularly in order to meet their operational costs.
    Investors: These individuals, as per Nemati, are mostly buying Bitcoin for long-term investment purposes and are using the asset to hedge their capital against the inflation of the Iranian rial. Additionally, in his opinion, even though Bitcoin is not as popular as many other foreign currencies or precious metals such as gold or silver, adoption has been increasing steadily in recent years.
    Active traders: This group operates mostly in the local crypto market — at the corporate and retail levels — because, according to Nemati, Bitcoin rarely gets used for day-to-day transactions due to a lack of infrastructure. Not only that, even the Central Bank of Iran has yet to issue clear regulatory guidelines regarding the use of digital currencies.

In regard to why the popularity of BTC has surged so dramatically in Iran over the past 24 months, Cointelegraph reached out to Mahyar, a Tehran-based crypto miner and investor. He pointed out that since many Iranians do not possess international accounts, they are able to use Bitcoin as a means of receiving cross-border payments in a seamless, hassle-free manner. On the subject, Mahyar added:

    “People send bits to a currency exchange and receive cash. Most bits also come from farms, and the dollar revenue is very important to people. I think big companies are doing their best to avoid taxation as well.”

I think Iranians getting into bitcoin mining is an interesting development.

[fiulpro]

The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out?  Who will suffer most and where will this lead our economy as wars always leads to inflation.

Hey
What I think is , this war will put stress and tension on the government , now people have to earn somehow and they will look for the alternative sources and therefore that is when the Bitcoins will come into play , since it's not controlled by the government it will be a safer option and people would be able to buy, send money online beyond borders without any difficulties , let's be honest war destroys everything therefore people are now keeping it as an alternative and it's boosting the prices , I think it's gonna be a good year for Bitcoins .
People will too have an alternative they can count on.

[sana54210]

The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out?  Who will suffer most and where will this lead our economy as wars always leads to inflation.

You’re wrong, this situation has nothing to do with cryptocurrency. The price did go up this week to around eight thousand dollars, but today it has dropped back to seven thousand dollars, so do you still think that it has anything to do with the war? And moreover, anyone who lives in a country fighting war doesn’t care about all these things, they only care about surviving.

I wouldn’t wish for the war to take place because war is a bad thing, though I don’t live in any of those countries that would be affected, but I still don’t like reading of innocent citizens being killed for no reason.

I completely agree with this. Even I think the price pump for bitcoin has nothing to do with the war because the price has already moved back to normal. Bitcoins are a volatile currency and the price change is normal.

Even if bitcoins would have moved to about $10k it would have been normal in the case of bitcoins because bitcoins are the most volatile currency. I can't yet think about the price change occurring due to the war amongst two of the countries. How could we relate them? Price of gold, oil or any other resources might be surely affected but it might not be the case with bitcoins.

Bitcoins are a decentralized currency which does not involve in any political or global crisis. Yes, the prices might be affected if a global World-war takes place but not in the case of small wars between two or more countries.

[kaya11]

The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out?  Who will suffer most and where will this lead our economy as wars always leads to inflation.

Most likely all the human beings would suffer, in case escalation goes beyond and affects other countries as well. For instance they call upon their allies and then there goes another inhuman war. I was amazed though when the tension between the two country was aired, the crypto world became suddenly alive and kicking once again.

[fortunecrypto]

The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out?  Who will suffer most and where will this lead our economy as wars always leads to inflation.

So far everything has cooled down, because in the first place Iran do not want to go to war to the US, they can just make a threat or send some missile to US bases but attacking US territories is out of the question, they do not have the weapons and the resources for that, unless a powerful country will ally to their cause, but so far none.

[heidikim]

Iran is already excluded from the world economic order. I don't expect much surge. However, a rise for bitcoin may begin. Because bitcoin is a very easy tool to carry. Every announcement of the US has a direct impact on the market.

[redsun114]

The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out?  Who will suffer most and where will this lead our economy as wars always leads to inflation.

If this breaks out war among the other countries also then we might see a economically poor situation in each country. Each country participating in the conflict would suffer in this case. This might not be the same situation like world war because the weapons used in those world wars were not such advanced as the weapons now are been owner by the countries.

There are nuclear weapons along with some most destructive ones and on use of those weapons, each country might suffer not only economically but also physically.

Any global war like situation might be fatal for the entire human race. Also each country would sell their resources in case a global war breaks out and they would convert their resources into weapons for destruction which according to me will bring global crisis and each country would suffer no matter how powerful the country is.

[Pamadar]

Iran is already excluded from the world economic order. I don't expect much surge. However, a rise for bitcoin may begin. Because bitcoin is a very easy tool to carry. Every announcement of the US has a direct impact on the market.

There's impact as market reacts to every situations and since there are wealthy investors who'll going to store their money at this types of system.
it  affects the whole industry since this market also relied with supplies and demands, the more investment around the more the value will surge up
and bring decent benefits.

[andriarto]

Iran is already excluded from the world economic order. I don't expect much surge. However, a rise for bitcoin may begin. Because bitcoin is a very easy tool to carry. Every announcement of the US has a direct impact on the market.

whatever situation the US experiences will be of global concern, so that it will more or less affect the economy. and we know that Iran stores a lot of oil content, so the tension between the two will at least have an impact on oil prices. and if this tension continues there will be many investors who will look for alternative investments, and maybe bitcoin is in it

[drlukacs]

The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out?  Who will suffer most and where will this lead our economy as wars always leads to inflation.

It is certain that the two countries that make war will affect the most and then the global. For the US, they are the largest and most concentrated economy. when something goes wrong, the other countries will be greatly affected by the American service brought a lot. So, I didn't expect war to happen, no one wanted hyperinflation, I just wished that this halving event would continue to grow and the economy should be stable.

[Barbut]

The recent Iran-US war like situation has already pumped up the oil prices and it has shown an postive effect for crypto and bitcoin as of now but how will this affect the national economy of other countries if a war breaks out?  Who will suffer most and where will this lead our economy as wars always leads to inflation.

It is certain that the two countries that make war will affect the most and then the global. For the US, they are the largest and most concentrated economy. when something goes wrong, the other countries will be greatly affected by the American service brought a lot. So, I didn't expect war to happen, no one wanted hyperinflation, I just wished that this halving event would continue to grow and the economy should be stable.

As it is certain that just a couple of countries will benefit from this conflict, for me it's certain that every conflict will push people to cryptocurrencies. Cryptocurrencies and fiat are two different worlds, and for now they work together, but for how long? More people are running away from fiat to cryptocurrencies, one they there will no one left in fiat world, just politicians and banks, together with some governments.

[deisik]

More people are running away from fiat to cryptocurrencies, one they there will no one left in fiat world, just politicians and banks, together with some governments

Well, as much as I would love that to be true myself, it is still mostly wishful thinking

People desperately need fiat to pay for their daily expenses, and taking into account that the vast majority of the world population live paycheck to paycheck (and many of them on credit at that), they are not interested in cryptocurrencies. This is simply the way things are, whether you, me, or whoever else likes it or not

We don't even know how much of the recent spike in Bitcoin's price is actually due to the showdown between Iran and America because cryptocurrencies as whole play a very small role in the global affairs, and thus are pretty insignificant in the larger picture to reach any definitive conclusion on the matter

[karmamiu]

Iran is already excluded from the world economic order. I don't expect much surge. However, a rise for bitcoin may begin. Because bitcoin is a very easy tool to carry. Every announcement of the US has a direct impact on the market.

whatever situation the US experiences will be of global concern, so that it will more or less affect the economy. and we know that Iran stores a lot of oil content, so the tension between the two will at least have an impact on oil prices. and if this tension continues there will be many investors who will look for alternative investments, and maybe bitcoin is in it

           It may or it may not affect, that depends upon what the current leaders will decide. The increasing of tension really affects different areas, most of it is about finance areas espescially there would be investors with different beliefs such as wanting to secure their monetary funds, while some wants to use it further in dealing arms and weapons. I guess having alternative ways of investment really is good, but as for my own view point it has the same concept from medieval ages. And we must also not forget between tensions in different countries, the most in demand supply are Food and Medication.