Would another war in the middle east affect crypto

[Hydrogen]

'Israel will attack Iran if US re-enters nuclear deal'

The Israel Defense Forces is drawing up plans for an attack on Iran’s nuclear program, the Israel Hayom daily reported Thursday in a front-page article.

The newspaper said that IDF Chief of Staff Aviv Kohavi has asked for three alternate proposals to derail Tehran’s program, without elaborating on them. It only indicated one of the proposals is a military strike, noting that such a plan would require a significant budgetary boost for the Israeli military.

Iran resumed enriching uranium to 20 percent last week, well in excess of the threshold set out in its landmark 2015 nuclear deal with world powers and a short technical jump from the 90% level of enrichment needed to produce weapons.

The Israel Hayom report came a day after Likud minister Tzachi Hanegbi, considered an ally of Prime Minister Benjamin Netanyahu, threatened that Israel could attack Iran’s nuclear program if the United States rejoined the nuclear deal, as US President-elect Joe Biden has indicated he plans to do.

“If the United States government rejoins the nuclear deal — and that seems to be the stated policy as of now — the practical result will be that Israel will again be alone against Iran, which by the end of the deal will have received a green light from the world, including the United States, to continue with its nuclear weapons program,” Hanegbi said in an interview with Kan news.

“This of course we will not allow. We’ve already twice done what needed to be done, in 1981 against the Iraqi nuclear program and in 2007 against the Syrian nuclear program,” he said, referring to airstrikes on those two countries’ nuclear reactors.

Former US president Barack Obama, with incoming US President-elect Joe Biden as his vice president, signed the Iranian nuclear deal with world powers in 2015. The Trump administration withdrew from the accord in 2018 and pressured Iran with crippling economic sanctions and other measures.

Obama signed the agreement despite fierce protest from Israel, and had a rocky relationship with Jerusalem and Netanyahu, while the premier and Trump have been in lockstep on most Middle East policy issues.

Biden is expected to take a more conciliatory approach to Iran and has said that if Iran returns to the terms of the nuclear agreement, he too would rejoin, removing the crushing economic sanctions that have wreaked havoc on the Iranian economy over the past two years.

The US president-elect has indicated that he wants to negotiate more broadly with Tehran if Washington returns to the deal, notably over its missiles and influence across the Middle East. Iran has said it could welcome the return of the Americans to the agreement, but only after they lift sanctions. It has rejected negotiation on other issues.

Iran and the Trump administration have engaged in an ongoing exchange in recent months as the Trump administration draws to a close and Iran marked the one-year anniversary of the US assassination of its general Qassem Soleimani.

The back and forth has included threats, military maneuvers, legal action and escalating Iranian violations of the nuclear deal.

Further complicating the Biden administration’s plans to reengage with Tehran were two high profile assassinations this year in Iran that were attributed to Israel. Top Iranian nuclear scientist Mohsen Fakhrizadeh was gunned down outside Tehran in November in a hit Iranian officials blamed on Israel. In August, Israeli agents killed al-Qaeda’s second-in-command in Tehran at the behest of the US, according to a New York Times report.


https://www.timesofisrael.com/report-idf-drawing-up-plans-to-strike-irans-nuclear-program/

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Iran has come to be allied with and supported by the left wing. While israel is allied with and supported by a diminishing right. This explains why right wing Trump sided with israel. While more left wing Biden and Obama side with iran. The real danger is israel's isolation. They have their backs to the wall. Perhaps not unlike a cornered animal. One that might attack when it has no other options.

Many consider gold and precious metals to be doomsday currencies which will retain their value in an apocalyptic event. But the inability to revert to precious metal based markets and infrastructure in the event of devastating natural disasters make me question the logic of this. There is no reversion to precious metal based infrastructure when nations like puerto rico are devastated by natural disasters like hurricanes. There is no historical precedent for a reversion to precious metals based economies that I know of.

I truly hope war can be avoided. And that real war never occurs in anyone's lifetime. But if there was a serious war or natural disaster and you had to stake your wealth and welfare on fiat, precious metals or cryptocurrency. What would your choice be. And why.

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[Sterbens]

So far, Biden's doing is right, where he wants to end the strife that Israel continues to cause just because of Trump's support, we all know Israel is Trump's favorite child in all its forms and types of policies. but after the change of presidency and Biden disliking Trump's policies, even Trump's position in Israel seems to have stalled halfway through. whether Iran will take advantage of this condition? clear, but for Biden it is not as easy as it is imagined to lobby the Iranian side. Obviously they will not hesitate to fight America if they block the long-running Iran project, supported by various Middle Eastern and Asian countries who are still actively involved.

[masterzino]

If there is a real, full-scale war between Israel and Iran, the crypto could explode. But I don't want to see it because it will cost many lives from both sides even if the other Arab countries keep neutrality.

War is always a bad thing. Bitcoin will get to $100k in the next year or two without it.

[jackg]

This is a lesser of two evils problem again. Europe's stance (and most democratic nations) might be determined by Israel's stance on Palestine.

The Syrian and Iraq wars increased Iran's territory and population too so I can see why other countries would be against them as well (even more than before.

A lot of the US's decisions on things normally seem to be "anything Russia doesn't want".

I don't think crypto would explode quite as much so you'd suggest though, it might do but there may be strengthening in the pound and the dollar as well.

[Febo]

Would another war in the middle east affect crypto

Nope. But it might influence a quality for living for everyone. So much more important thing than Bitcoin. Middle east is getting more and more irrelevant with every year that pass. There will be lees and less tension created by superpowers among Middle east neighbours in upcoming years.  Tensions will move to South America and mainly Africa.

[so98nn]

I see that we are attaching strings of war with the crypto space here but that doesn’t seem to be much fair. I mean gold and other commodities is all right and that too viable when the affected war countries are larger importer or exporter. I don’t see Israel and Iran that much into the international markets and will make big difference.

Crypto on the other hand would be completely unaffected due to this news. They play very tiny role I believe. What do you guys think on this?

[Hydrogen]

I see that we are attaching strings of war with the crypto space here

The more eyes on this. The less likely war becomes.

Preventing war is usually a superior option in contrast to waging or attempting to survive war.

In that sense maintaining the stability of economies and crypto markets is correlated with news stories like this one being distributed as widely as possible.

It could also spur discussions on how we might create a hardened blockchain network that could survive war. So that we could continue to use bitcoin even if world war III or a natural disaster occurred.

A network of hardened satellites to conduct blockchain transactions accessible by smart phones. That could survive natural disasters like earthquakes, tsunamis, hurricanes or tornados. It might also survive a world war. That could be one next level evolution of future cryptocurrencies we're searching for.

[Lorence.xD]

If there is a real, full-scale war between Israel and Iran, the crypto could explode. But I don't want to see it because it will cost many lives from both sides even if the other Arab countries keep neutrality.

War is always a bad thing. Bitcoin will get to $100k in the next year or two without it.

I do agree with you, Israel is the stronghold in preventing an all out war. And I do not want Iran to get into nuclear program because this defeats the purpose of Stuxnet which is a virus that destroyed their hopes of making nuclear enrichment facilities which is created by US. War will never be a good thing, the only one who will benefit is the arms dealer.

[KINVAN SUE]

Will the price of cryptocurrency have anything to do with gold or oil?
Besides, I think that the probability of a hot war is not very high now.
The war greatly hindered economic development and seriously affected people's lives. Which country can benefit from the war?

[exstasie]

Iran has come to be allied with and supported by the left wing. While israel is allied with and supported by a diminishing right. This explains why right wing Trump sided with israel. While more left wing Biden and Obama side with iran.

I would say Obama/Biden's approach is one of soft power, in contrast to Trump's. I wouldn't say either of them are exactly on Iran's side.

The real danger is israel's isolation. They have their backs to the wall. Perhaps not unlike a cornered animal. One that might attack when it has no other options.

It's just political posturing. Israel dropping nukes on neighboring countries will bring the entire world down on Israel. They wouldn't dare.

There is no historical precedent for a reversion to precious metals based economies that I know of.

Maybe that's because fiat money only emerged very recently in history. Prior to that, most money was precious metal-based.

I truly hope war can be avoided. And that real war never occurs in anyone's lifetime. But if there was a serious war or natural disaster and you had to stake your wealth and welfare on fiat, precious metals or cryptocurrency. What would your choice be. And why.

They'll both hold their value but crypto has much more upside.

[Prettyjing3]

I personally think that the impact of the war on cryptocurrencies is very small. In 2018, the Sino-US trade war led to a collective collapse of cryptocurrencies, and the outbreak of COVID-19 stimulated the growth of cryptocurrencies. Only global turmoil may affect the trading market, and small-scale wars I don’t think have this ability.

[davis196]

What's the benefit for Israel,if they start a war with Iran?
The prime minister of Isreal isn't very popular,a war might boost his rating(or it might have the opposite effect).
I don't consider Iran to be a regional superpower,they have their own economical and social problems.
We've all seen the rumors that Iran is using cryptocurrency to avoid the US sanctions,but is this really true?
A war in the middle east won't have any major impact on the crypto industry,but there's a small possibility that such war might turn into a world war(if USA and Russia join),so the potential risk for the world economy and the crypto industry remains.

[Cynthiajia0]

I don't think so, there are few people have bitcoin who living in the middle east, and following the recently news, big company and celebrites could influence bitcoin most.

[Wind_FURY]

I truly hope war can be avoided. And that real war never occurs in anyone's lifetime. But if there was a serious war or natural disaster and you had to stake your wealth and welfare on fiat, precious metals or cryptocurrency. What would your choice be. And why.

Bitcoin, I have bought the dips until $20,000, and I have HODLed most of it for a long time, I have no reason to stop. But if I choose to invest my Bitcoins in something else, I will buy a small piece of real estate/land.

[cocoladygaga]

The impact of the war in the Middle East is not as good as Musk's twitter

[AngelaT34534]

For the public, crypto is a good way for them to protect their investment during the war. So, maybe the middle east war will help the price increase, I guess......

[stompix]

If there is a real, full-scale war between Israel and Iran, the crypto could explode.

Yeah, and shatter into one hundred thousands piece...

You people are nuts, for you everything that is bad in this world will be good for crypto, disease, wars, economic crisis.
Everyone said covid will be good for crypto yet in March coins dropped like a stone what do you think will happen if war breaks out?
Everyone that gets killed, loses their job, see a huge hike in every price out there will put in crypto the money he has lost?
You really think that a guy who is on the verge of being penniless will put one dime into crypto so you could be happy on your gains on some obscure shitcoin you hold dear so much?

For the public, crypto is a good way for them to protect their investment during the war.

In how many wars have you been? Pure curiosity?

A war in the middle east won't have any major impact on the crypto industry,but there's a small possibility that such war might turn into a world war(if USA and Russia join),so the potential risk for the world economy and the crypto industry remains.

Do you believe there is a chance bigger than 0.0 for Russia to go to war against the US over Iran? Let's be serious.

[Wind_FURY]

If there is a real, full-scale war between Israel and Iran, the crypto could explode.

Yeah, and shatter into one hundred thousands piece...

You people are nuts, for you everything that is bad in this world will be good for crypto, disease, wars, economic crisis.
Everyone said covid will be good for crypto yet in March coins dropped like a stone what do you think will happen if war breaks out?
Everyone that gets killed, loses their job, see a huge hike in every price out there will put in crypto the money he has lost?
You really think that a guy who is on the verge of being penniless will put one dime into crypto so you could be happy on your gains on some obscure shitcoin you hold dear so much?

For the public, crypto is a good way for them to protect their investment during the war.

In how many wars have you been? Pure curiosity?

A war in the middle east won't have any major impact on the crypto industry,but there's a small possibility that such war might turn into a world war(if USA and Russia join),so the potential risk for the world economy and the crypto industry remains.

Do you believe there is a chance bigger than 0.0 for Russia to go to war against the US over Iran? Let's be serious.

To be serious? I believe the only  “World War” within 20 years possible is between the United States and China. Once the U.S. military is threatened with China’s growing military and they move to take over as “The Super Power”, a war would be in the inevitable in my opinion. Or a higher probability of more than 50%.

[Kakmakr]

Well any political instability will cause global traders to start looking for some safe havens and we know some traders see Bitcoin as a Safe haven, so I would say.. yes... it will happen.

That said.... not a lot of institutional traders see Crypto currencies as a Safe haven, so they will rush to buy traditional safe havens like Gold and Silver. Bitcoin is a bit too volatile for professional traders to take it serious as a "safe haven" ...but they will speculate with it as a short term high risk investment. 

[kryptqnick]

Firstly, I don't think this war will happen. Right now, the world economy is declining and the US continues to lose money due to the pandemic, so putting lots of money into a war in a time like this is not something that would gain enough support. Secondly, even if the war happens, I don't think Bitcoin would be impacted, not in the long-term anyway. Bitcoin recovered from the pandemic announcement within months, and I think a war in the Middle East is not something that could have more impact than that.