World Economy, War and Bitcoin rising !

[laijsica]

The long-term war between Ukraine and Russia did not have any negative impact on the price of Bitcoin but we have achieved several ATH during this period. The war in the Middle East (Israel and Palestine) did not devalue Bitcoin in the same way. I think that a war with Iran will not have much impact. We should remember that Iran is one of the world leading oil producers and they are determined to continue their nuclear program. In this context, US has taken a stand against continuing their nuclear program and has carried out powerful bombing attacks with the B-2 stealth bombers. As a result, Iran allies may get involved in the war and there is a possibility of long term and an all-out war.

The price of Bitcoin is very closely related to the economic situation in the world so perhaps we should not underestimate any possibility because if Iran and its allies start attacking US bases throughout the Middle East the situation will be even more terrible and third World War may break out. I think that the price of Bitcoin will not fall significantly due to the impact of this war but rather it has the potential to increase further because Bitcoin has become a store of value even in the midst of a long-term war and its potential to rise.

Among them the Iranian parliament has approved the closure of the Strait of Hormuz, an important shipping route for goods located near Iran maritime borders. Almost bout 20% of the world oil and gas is supplied to various countries of the world through this shipping route. If Iran closes this road, it will have a far-reaching negative impact on the global economy. What is your opinion?

[Oshosondy]

Among them the Iranian parliament has approved the closure of the Strait of Hormuz, an important shipping route for goods located near Iran maritime borders. Almost bout 20% of the world oil and gas is supplied to various countries of the world through this shipping route. If Iran closes this road, it will have a far-reaching negative impact on the global economy. What is your opinion?

I will expect the oil price to increase but I do not know how it can affect the global economic. It is good to know that Iranian parliament has approved the closure of Strait of Hormuz but the Iranian top leaders still need to make the decision to either close it or not, but they have been given approval that if they want to close it they should.

I do not know what United States is telling China, that they should tell Iran not to close the Strait after violating the international law by evading a country to bomb their nuclear sites.

[lizarder]

Among them the Iranian parliament has approved the closure of the Strait of Hormuz, an important shipping route for goods located near Iran maritime borders. Almost bout 20% of the world oil and gas is supplied to various countries of the world through this shipping route. If Iran closes this road, it will have a far-reaching negative impact on the global economy. What is your opinion?

The effects of the tensions between Israel and Iran have again triggered price movements for bitcoin travel and now we can see bitcoin falling back from its initial price. The Strait of Hormuz is very vital for oil trade and if Iran closes the strait completely, I am sure the global economy will be disrupted and even for crypto commodities, gold or anything related will experience a significant impact from the process carried out by Iran.

We are on the verge of global economic collapse at this time and the tension is getting worse if the United States tries to interfere and this step can trigger a bigger war because Iran plays an important role in the Strait of Hormuz and oil is a raw material that is quite needed by any industry now.

[Gozie51]

This is getting interesting and dangerously so. What I don't know is if Iran would be going against the United Nations Convention regarding to sea law if they eventually don't listen to China on the request of Trump that they shouldn't block the water bodies where oil vessel pass through. Iran controls major part of the Strait of Hormuz especially from the north of the Persian Gulf– and Oman, UAE controls the South Gulf of Oman. This road is very important to global economy because it is the link where the oil rich middle East transverse on oil, crude and or gas/energy export where countries of America get supply from. So Trump took a speedy drive to wade into Israel and Iran altercation by bombing Iran while also forgetting that Iran is also a major player in world economy with allies in middle east.

This is really getting tough for world economy, Ukraine and Russia war didn't change much with bitcoin influence but it caused rise in certain commodities especially flour. Now, with US coming into brewing a fresh war (if, but I don't wish so), I predict it is going to have devastating effect on Oil/crude, energy and bitcoin too. This is why it will affect bitcoin IMO, US is a major player in everything about bitcoin and opening new war may delay/distract, disorganise or distort plans with bitcoin investment in US. If US is not getting enough energy supply or buying at high price from other route then it will cause increase output prices which may affect savings or investment from individuals at the point.

[betswift]

It will surely shake up the markets, the traditional ones, and we would feel the shakes coming to our market too.

For now, it's only rumors, though.

And I hope it gets deescalated quicker than we are going to see something really bad coming.

[EluguHcman]

What is your opinion?

In terms when there is newly phase of global tensions such as pandemic or war, there is usually that nature of the economic that affects Bitcoin price negatively.
The uncertainty of when the chaos would stop ignites investors fear to Invest on Bitcoin instead, they think more of how to survive in the period. Then feels discouraged of Investing in the meantime because, the "then" (current) time of survival is usually an ultimate concern.

But when the tension has persisted for a long time, there be no choice than the people getting their emotions fitted admits and then, the economic system begins to regain it values on a gradual process and then propagates investors sentiments to consider buying Bitcoins.
And so on Bitcoin price which may have been experiencing bearishness will as well gain potential momentums for price increase aftermath.

Let us not forget too quickly that the economic conditions do also have influence on Bitcoin because when source of generating Incomes for investors does not arise, it will be difficult to buy Bitcoins and the stock is more of the sources that generates Investors incomes.

[Marvell1]

I will expect the oil price to increase but I do not know how it can affect the global economic.

Rising oil prices will negatively affect the economy because almost all economic activities such as production, transportation...require oil and when oil prices increase. That means inflation will increase, prices of goods will increase, cost of living will increase...The economy will slow down and lead to a series of stagnant conditions, including financial markets, especially speculative markets will be severely affected. That's why bitcoin dumped along with the stock market when the Russia-Ukraine war broke out.

I don't know if this time is different, but if the world still sees bitcoin as just a speculative asset, I'm not optimistic if the war gets more serious and oil prices go higher.

[peter0425]

The price of Bitcoin is very closely related to the economic situation in the world so perhaps we should not underestimate any possibility because if Iran and its allies start attacking US bases throughout the Middle East the situation will be even more terrible and third World War may break out. I think that the price of Bitcoin will not fall significantly due to the impact of this war but rather it has the potential to increase further because Bitcoin has become a store of value even in the midst of a long-term war and its potential to rise.

Bitcoin is falling right now but not in a way that is concerning, imo. It is still in the $100k. If it comes back down, people might buy again to prepare for whatever the war will bring. Some people might take out their bitcoins if they need to go somewhere and protect themselves. But most would buy so they protect their money from getting devalued.

Among them the Iranian parliament has approved the closure of the Strait of Hormuz, an important shipping route for goods located near Iran maritime borders. Almost bout 20% of the world oil and gas is supplied to various countries of the world through this shipping route. If Iran closes this road, it will have a far-reaching negative impact on the global economy. What is your opinion?

Importers and exporters alike would be affected. Surrounding countries in middle east like Qatar, Saudi Arabia, UAE and others rely to this strait. Oil will definitely surge. This might give an opportunity for people to turn to bitcoin instead.

[AirtelBuzz]

We have faced several wars before that have affected the global economy but have never had an impact on the rise in the price of Bitcoin, just as the current conflict may have a temporary impact but later the Bitcoin market will gradually become positive again, perhaps this is true. You already mentioned that the Iranian parliament has approved the closure of the Strait of Hormuz, if they really did approve it then it would probably reduce oil supplies to America and around the world. It is probably well known that when oil supplies decrease, production costs and transportation costs increase relatively, as a result it is certainly a concern for the economy.
Another truth I know is that as you mentioned if Iran were to close that important route for transporting goods, it could certainly weaken the economy and therefore have a serious impact on the crypto market.

[Ruttoshi]

I will expect the oil price to increase but I do not know how it can affect the global economic.

Rising oil prices will negatively affect the economy because almost all economic activities such as production, transportation...require oil and when oil prices increase. That means inflation will increase, prices of goods will increase, cost of living will increase...The economy will slow down and lead to a series of stagnant conditions, including financial markets, especially speculative markets will be severely affected. That's why bitcoin dumped along with the stock market when the Russia-Ukraine war broke out.

I don't know if this time is different, but if the world still sees bitcoin as just a speculative asset, I'm not optimistic if the war gets more serious and oil prices go higher.

I believe that any effect of the war on bitcoin price will only be temporary and at the end bitcoin price will always pump.

During wars, Government losses a lot because they cannot use only money from tax to fight war alone which will lead to them printing more money to cover the cost and that will lead them to debt

If Government prints more money, it will lead to inflation and debasement of currency in the long run. Investors will see bitcoin as a store of value and invest in bitcoin which will make the price of bitcoin increase. No worries, the rise in oil price will definitely affect the economy but it wouldn't affect the price of bitcoin that much. Russia did the same by cutting their supply of gas to European countries when they just started the war with Ukraine.

[Republikcoin.com]

It will surely shake up the markets, the traditional ones, and we would feel the shakes coming to our market too.

For now, it's only rumors, though.

And I hope it gets deescalated quicker than we are going to see something really bad coming.

It is not just a rumor but more of a bad possibility because the war in the middle east that is happening right now has triggered an escalation globally that has made the markets very chaotic. Not to mention the closing of the strait of hormuz and also other retaliations that will be done by the country that received the attack first, this is definitely going to cause more panic in any market including in the crypto market as well. I was surprised when I saw the price of Bitcoin was below $100K yesterday even though today it is back above $100K again.

[YOSHIE]

Among them the Iranian parliament has approved the closure of the Strait of Hormuz, an important shipping route for goods located near Iran maritime borders.

If Iran closes the Strait of Hormuz, the impact is very broad and the world economy is dead, we know that the Hormuz Strait is a vital and strategic path of the world economy, We will recall the history of Persia vs. Roman Strait Pathway Hormuz is one of the world oil supply centers that must be passed.

We all know that the Strait of Hormuz Oil flow out in the day can reach 21 million barrels of average count, meaning that at least 21% of the oil needed by the world will be jammed, of course if the Strait of Hormuz is closed Iran, the total global economy, this is not a trivial matter.

In fact, many countries have to think 100 times when attacking Iran, except the silly Israel who do that without thinking about the effects of Iran's, Iran is not the same as Yemen, Gaza or Lebanon.

[Oshosondy]

Rising oil prices will negatively affect the economy because almost all economic activities such as production, transportation...require oil and when oil prices increase. That means inflation will increase, prices of goods will increase, cost of living will increase...The economy will slow down and lead to a series of stagnant conditions, including financial markets, especially speculative markets will be severely affected. That's why bitcoin dumped along with the stock market when the Russia-Ukraine war broke out.

These are true, because this are what are happening when there is increase in fuel price. There will be inflation and the price of goods and services will start rising.

I believe that any effect of the war on bitcoin price will only be temporary and at the end bitcoin price will always pump.

Definitely you are very correct about this. The effect on bitcoin will be just for a short period not time. All we can only notice is that bitcoin will increase later and also still get to higher prices.

[EL MOHA]

If Iran closes the Strait of Hormuz, the impact is very broad and the world economy is dead, we know that the Hormuz Strait is a vital and strategic path of the world economy, We will recall the history of Persia vs. Roman Strait Pathway Hormuz is one of the world oil supply centers that must be passed.

We all know that the Strait of Hormuz Oil flow out in the day can reach 21 million barrels of average count, meaning that at least 21% of the oil needed by the world will be jammed, of course if the Strait of Hormuz is closed Iran, the total global economy, this is not a trivial matter.

In fact, many countries have to think 100 times when attacking Iran, except the silly Israel who do that without thinking about the effects of Iran's, Iran is not the same as Yemen, Gaza or Lebanon.

I think Iran have taken a very diplomatic approach to me in this regard, what most people actually were expecting after the US announcement of bombing Iran Nuclear houses was a direct retaliation by the Iran government most especially when they had made statements that they will answer back. Closing the Strait of Hormuz simply means Iran is definitely involving more countries into this war in directly. Yes it is actually reported that USA stream of oil through this route is just 1% but most top counties depends on oil from this region.

First country is China and India who are reported to be having close to 50% of oil through the Strait of Hormuz wouldn’t be sited to actually watch its closure, other countries which are Japan, North Korea and even European countries will have their energy cut too.

[Dunamisx]

The price of Bitcoin is very closely related to the economic situation in the world so perhaps we should not underestimate any possibility because if Iran and its allies start attacking US bases throughout the Middle East the situation will be even more terrible and third World War may break out.

It's sure that this is going to have a little impact on the ongoing war at bitcoin price, however, it's not a significant one because it's only partially being affected and not on a long run, the market responds to sudden events like this, but they are not majorly affecting the overall performance of bitcoin, which after this short fall, we still expect that it rises back as the market demands and supply continue to remain more volatile shifting from one side to the other.

[asriloni]

Among them the Iranian parliament has approved the closure of the Strait of Hormuz, an important shipping route for goods located near Iran maritime borders. Almost bout 20% of the world oil and gas is supplied to various countries of the world through this shipping route. If Iran closes this road, it will have a far-reaching negative impact on the global economy. What is your opinion?

It's bad, really really bad. The closure of Strait of Hormuz obviously can trigger the inflation. The oil price will be jumping surpass post-ukraine invasion by russia.

It will be surely trigger the price for goods to increase as the shipping cost would cost more due to the oil price increase

For the countries that have big oil reserve, they may be fine. However, things totally differ for those countries who only relied upon oil import.

[justinlamode]

Wars will generally seem to have a negative effect on Bitcoin, it happened when the Russia and Ukraine war broke out and we have seen it repeat during the ongoing Isreal and Iran war. But somehow, Bitcoin finds a way to overcome the impact of these wars, this is why I believe that the ongoing dip in the price of Bitcoin will not last long and Bitcoin will revise to the upside irrespective of what either party to the war does. This is even the best time to buy.

[serjent05]

I will expect the oil price to increase but I do not know how it can affect the global economic.

In my country the oil price increase,s and now the price of commodities will follow.  That is how it will affect the global economy.

Wars will generally seem to have a negative effect on Bitcoin, it happened when the Russia and Ukraine war broke out and we have seen it repeat during the ongoing Isreal and Iran war. But somehow, Bitcoin finds a way to overcome the impact of these wars, this is why I believe that the ongoing dip in the price of Bitcoin will not last long and Bitcoin will revise to the upside irrespective of what either party to the war does. This is even the best time to buy.

Doesn't Bitcoin rally during the Russia and Ukraine war?  I think many have converted their money to Bitcoin in fear of losing its value, as a result Bitcoin jump in price.  Although during the Iran and Israel War, it is somehow opposite so from these scenarios we can't actually be sure to say that war has a negative effect on Bitcoin.

Among them the Iranian parliament has approved the closure of the Strait of Hormuz, an important shipping route for goods located near Iran maritime borders. Almost bout 20% of the world oil and gas is supplied to various countries of the world through this shipping route. If Iran closes this road, it will have a far-reaching negative impact on the global economy. What is your opinion?

It's bad, really really bad. The closure of Strait of Hormuz obviously can trigger the inflation. The oil price will be jumping surpass post-ukraine invasion by russia.

It will be surely trigger the price for goods to increase as the shipping cost would cost more due to the oil price increase

For the countries that have big oil reserve, they may be fine. However, things totally differ for those countries who only relied upon oil import.

True, the oil company in my country is starting its price increase, and many people are worried that the cost of almost everything will increase since the major effect of the oil price increase is directly on the cost of transportation.

[Richbased]

The war between Israel and Iran had effects on the price of bitcoin, but not to worry as the price will come back stronger again. Perhaps you cannot really say that when it was Israel against Palestine and the Hamas that it didn't affect the price, it did but it wasn't so significant as that of Israel and Iran and even the early stages of Ukraine and Russia war, it affected the market negatively before the price bounce back stronger again and you should understand that wars affects the economy of the affected countries and the global market and of which the price of bitcoin will also be affected. Iran is an oil country that also have economic influence in the world so definitely there is no how the war won't affect market prices. I just hope this war between Iran and Israel don't escalate more than it is now because the war is already building up tensions and i know that Iran is a country that likes anything war as i have heard about their constant war with Iraq in the past.

[laijsica]

Among them the Iranian parliament has approved the closure of the Strait of Hormuz, an important shipping route for goods located near Iran maritime borders. Almost bout 20% of the world oil and gas is supplied to various countries of the world through this shipping route. If Iran closes this road, it will have a far-reaching negative impact on the global economy. What is your opinion?

I will expect the oil price to increase but I do not know how it can affect the global economic. It is good to know that Iranian parliament has approved the closure of Strait of Hormuz but the Iranian top leaders still need to make the decision to either close it or not, but they have been given approval that if they want to close it they should.

I do not know what United States is telling China, that they should tell Iran not to close the Strait after violating the international law by evading a country to bomb their nuclear sites.

The US has started diplomatic activities with China to prevent the closure of the Strait of Hormuz and in the meantime Iran has launched a missile attack on the US Al-Udeid Air Base in Qatar. Most analysts may have thought that the price of Bitcoin may more fall about increasing war situation. But Donald Trump has announced that Israel and Iran have agreed to a ceasefire which has resulted in the price of Bitcoin going up trend again.

I think that global factors will continue to affect the market situation on a regular basis, so you should apply your own strategy in determining your investment strategy, such as accumulation Bitcoin through discretionary Income and regardless of its price.

https://www.reuters.com/world/middle-east/trump-announces-israel-iran-ceasefire-2025-06-23/