Economic implications of a possible US military action in Iran

[Abiky]

Have you ever wondered what will happen to the global economy if US President Donald Trump orders a strike on Iran? What impact will it have in the value of the US Dollar? Will such action strengthen the "greenback"? Or weaken it? And what about crypto? Do you think the market will crash? Or will prices "pump" shortly thereafter?

The US now controls the biggest oil reserve in the world (via Venezuela), so maybe the US has nothing to lose by engaging against Iran?

What do you think? Your input would be greatly appreciated. Thanks in advance.  🙂

[Charles-Tim]

Bitcoin price has fallen slightly already, but which we are all expecting as that is how bitcoin would be when the war started, but that will be the effect as bitcoin price will rise back. If bitcoin fall more, know that it is not caused by the war. Such war only has short term effect on bitcoin price that may not even last more than few hours.

Oil price will rise.

United States dollar will not fall. The currency did not fall even during world war two.

Edit:
Let us see what the stock will do on Monday and how bitcoin react market to it.

[Fortify]

It is a great unknown really and depends on the scale of the action. If it's similar to last year where they hit a few targets and back off, there could be few repercussions from Iran because it's already in a weak political place at the moment because of the way it's been handling internal repression. If it turns into a full scale invasion then Iran might try to cause damage in the gulf waters, which could cause shipping issues until it is over. There are a lot of US military targets - boats and airfields, in the region which might be targeted and if any of them receive substantial damage then it could escalate into a full war and likely an invasion by America. For a president who claimed a peace trophy (from Fifa?) a few months ago after being turned down by the Nobel peace prize, it sounds about right. If it grows into a bigger war it will have a knock on affect on the stock market, causing a small correction if it spills out of the region.

[Alpha Marine]

United States dollar will not fall. The currency did not fall even during world war two.

I don't believe the US currency will fall, but the situation now is differnt from WW2. While Europe was buring, the US was still intact. They provided supplies for the rest of Europe, mening their currency was the dominate during that time. This is a differnt scenario where they are in direct conflict with another country.
The reason the US dolla will not fall is because the country would not be attacked directly. The proof of this is that the US dolla fell against major currency after 9/11 attack. If Iran's attack where directly on US soil and not military bases, the currency would have fallen.
Also, if the US truly has control of Venezuelan oil now, that mean oil prices going up might favour them.

That being said, "it would not fall" doesn't mean it will not drop at all. The US dollar has already see a slight drop recently and it will still drop but it won't be a significant drop.

[Rruchi man]

Bitcoin price has fallen slightly already, but which we are all expecting as that is how bitcoin would be when the war started, but that will be the effect as bitcoin price will rise back.

Bitcoin has some consideration as a safe-haven asset; it is very expected that it will gain more attention if the war persists.

Gold looks bullish already; the US dollar will also get attention and become stronger, bitcoin will follow.

[UmerIdrees]

Bitcoin price has fallen slightly already, but which we are all expecting as that is how bitcoin would be when the war started, but that will be the effect as bitcoin price will rise back. If bitcoin fall more, know that it is not caused by the war. Such war only has short term effect on bitcoin price that may not even last more than few hours.

Oil price will rise.

United States dollar will not fall. The currency did not fall even during world war two.

Edit:
Let us see what the stock will do on Monday and how bitcoin react market to it.

I think we will see a big correction in Bitcoin and stocks on Monday. Unless the war situation is resolved by Monday, then markets may remain green but that doesn't seems to be happening. Since this war and conflict started when the markets were closed, we will see a sharp move downside in Bitcoin as soon as the Asian markets may open on. Monday. The prices may consolidate throughout the day and we may see any pressure in the btc price when the US session will start.

Btc may test 60K if the war situation doesn't defuse quickly. If Iran retaliate, then things may become even worse.

[Kiddo15]

Have you ever wondered what will happen to the global economy if US President Donald Trump orders a strike on Iran? What impact will it have in the value of the US Dollar? Will such action strengthen the "greenback"? Or weaken it? And what about crypto? Do you think the market will crash? Or will prices "pump" shortly thereafter?

The US now controls the biggest oil reserve in the world (via Venezuela), so maybe the US has nothing to lose by engaging against Iran?

What do you think? Your input would be greatly appreciated. Thanks in advance.  🙂

The President of America has ordered different airstrike of different countries of the World and yet everything including the US dollar and Crypto has been going on smoothly. Besides it's just a conflict between both of them, at least for now, we haven't seen an intercontinental engagement with others. Such action might even slide without even much affecting the international market.

[yhiaali3]

Trump has already ordered strikes against Iran, and American and Israeli warplanes began striking Iran this morning. Reports have just emerged of the death of Ali Khamenei, the Supreme Leader of the Iranian Revolution.

As expected, Bitcoin and other cryptocurrency prices dipped slightly before rebounding. Meanwhile, CNBC reports indicate that markets are bracing for significant volatility following the US announcement of "major combat operations" in Iran, with expectations of losses in stocks and a rise in gold and the dollar.
OVX oil volatility index rose by 8.16%, from 59.80 to 64.68 and This increase reflects expectations of rising prices and fears of supply disruptions.

[X-ray]

There was no significant price impact after the strike, possibly because Iran was sanctioned by the western economy for so long the market don't really react with the current escalation.

Or it is possible that bitcoin has been highly undervalued there is nobody left to sell and speculate on the news. We got massive inflow of $381m too for bitcoin ETF.

[sleepfirefly]

And what about crypto? Do you think the market will crash? Or will prices "pump" shortly thereafter?

iranian currency will not be stable so people might go for crypto but i don’t see the us dollar weakening especially they are the aggressor not the one being aggrevated. the oil will go up and those who import oil expect that the rest will follow. gas and expenses will go up as well.

[rezakurnia66]

US military action in Iran giving significant impact for bitcoin after falling down without few hours only success break out exactly after Donald Trump announcing Ali Khamenei have been pass away. I don't know what the bigger impact later if Iran's military attacking back Israel and United State due that country have nuclear weapon what will happen to the world? wish has solution for both countries still conflict but difficult accept by Iran's military and absolutely we must be aware exactly for people living near US military bases in Qatar, UAE and Bahrain.
Previously Iran's military have been attack the US military base in Qatar and Bahrain absolutely after their leader Ali Khamenei pass away will make Iran's increasingly ambitious to launch attacks.

[Findingnemo]

Usually geopolitical tension will cause the fiat to lose it's value and increase the demand of the assets so likely to be the case if this turns into a war with bitcoin too but as of now this isn't making any significant impace on anything probably people are so consufed with what they have to do now, so as a user just keep buying bitcoin is the best thing we can do.