Current US Economic Catastrophe Caused by Anti-Racism Movement has Impact on BTC

[omone1]

No correlation between the protest and bitcoin price. The protest was hijacked by some anti-Trump rivals which led to looting. Peaceful protest is okay, but looting the shops of common civilians is economically bad for us all.

[kryptqnick]

USA is facing the biggest economy catastrophe in history as a result of this movement and the coronavirus epidemic. It is conceivable we will see the impact in the Crypto market in the next few months, a terrible catastrophe is approaching.

The US was facing the crisis without the movement, and I don't think this will add much to it. But even if it does, the impact of the crisis on Bitcoin price will probably be compensated by the impact of some protesters promoting Bitcoin. So in the end, I don't think Bitcoin will see much of a change of the price due to these protests, positive or negative. The protests are currently very active, maybe at their peak even, and yet the change of the price of Bitcoin over the last 7 days is -0.3% which is extremely nonvolatile for Bitcoin.

[Slow death]

this issue of racism is going to the political side with some TV channels promoting more fighting so that their political supporters win elections or get more members for their parties, if people read this:

https://edition.cnn.com/us/live-news/george-floyd-protests-06-07-20/index.html

is being a political campaign to overthrow political opponents and the people are being used for purposes that they don't even suspect. Whether this closes it or not bitcoin is something that will depend on whether we know how many people are posting bitcoin photos during the manifestation and whether news channels like CNN and BBC are talking about bitcoin or not. although I would be happy that bitcoin does not get into that subject

[Swordsoffreedom]

We might see a global economic collapse if the US government cannot control the crowd that is rampaging on the streets. If the USD falls then the American government cannot pay their debts and will result with a huge hole in world banks balance sheet that could even affect other countries resulting into much bigger financial crisis.

yeah exactly, you got my point. The US economy was the most powerful and well-organized economy in the world. If united states were to face an economic catastrophe, it is natural that it will have repercussions all over the world, this is the only reason why we may see a catastrophic crash in the crypto market.

[romeojasmin13]

Well, but I still have no idea about how anti-racism movement effects Bitcoin.

[DooMAD]

If anyone is trying to peddle the ridiculous notion that BLM protests are a significant contributor to the economic issues in the US and other western countries, I'd genuinely like to know what their real agenda is.  Call that bullshit out wherever you see it happening, because it's not a cause for the looming recession.  If anything, protests over institutionalised racism and classism are one of the symptoms of a broken economy, not the cause.  Whoever is spreading the false narrative that protests are somehow causing the economy to fail is clearly trying to deflect from the real problem.  Yet another shameful attempt to shift blame and scapegoat the victims.  It's a common divide and conquer tactic.  

Also, this topic would probably be more at home in the economics board, since it has very little to do with Bitcoin.