Will The Middle Eastern War Tension Crash Bitcoin

[Wolf of One Street]

Bitcoin has been doing quite well lately, but if this war between the US and Iran should continue of which we are saying shouldn't, and all other world powers joining hand, it will surely affect the price of Bitcoin. As of today there's downtrend already, price of Bitcoin was at $71,000 yesterday and today it has moved downward to $68,000 today due to the tension so there's every possibility of more downtrend if there's persistence in the crisis so every investors heart should be prepared for whatever to come until stability in the Middle East.

[Baseplate]

Bitcoin has been doing quite well lately, but if this war between the US and Iran should continue of which we are saying shouldn't, and all other world powers joining hand, it will surely affect the price of Bitcoin. As of today there's downtrend already, price of Bitcoin was at $71,000 yesterday and today it has moved downward to $68,000 today due to the tension so there's every possibility of more downtrend if there's persistence in the crisis so every investors heart should be prepared for whatever to come until stability in the Middle East.

Bitcoin, like every other cryptocurrency, is a volatile asset that is significantly affected by major world events, so when things like recessions or wars break out, investors tend to flee to "safe-haven" assets like gold or silver to protect their capital from getting devalued.

We will probably see a positive trend for Bitcoin once the situation in Iran has calmed down.

[Charles-Tim]

Bitcoin did not fall in price because of the war, bitcoin is just following its own trend, and it is the technical part of speculation that it is following. Just make use of the bitcoin chart for you to understand what I mean. If bitcoin price fall more, know that it is not about the war. We are in bear market is a reason.

[Akbarkoe]

Bitcoin has been doing quite well lately, but if this war between the US and Iran should continue of which we are saying shouldn't, and all other world powers joining hand, it will surely affect the price of Bitcoin. As of today there's downtrend already, price of Bitcoin was at $71,000 yesterday and today it has moved downward to $68,000 today due to the tension so there's every possibility of more downtrend if there's persistence in the crisis so every investors heart should be prepared for whatever to come until stability in the Middle East.

Currently there is no sign that bitcoin is affected by this war because the economic cycle is still running quite safely, as long as the Gulf of Hormuz is not blocked by Iran the economic situation is still safe, so you don't need to worry but if they blockade the route then there will be a serious shock to the supply chain of oil, food and other trade that uses the gulf as a trade transportation route, several countries that import from the Middle East and rely on the gulf they will lack their needs and this will certainly shake the economy which will certainly also affect the price of bitcoin if left alone.

[Odusko]

Bitcoin has been doing quite well lately, but if this war between the US and Iran should continue of which we are saying shouldn't, and all other world powers joining hand, it will surely affect the price of Bitcoin. As of today there's downtrend already, price of Bitcoin was at $71,000 yesterday and today it has moved downward to $68,000 today due to the tension so there's every possibility of more downtrend if there's persistence in the crisis so every investor's heart should be prepared for whatever is to come until stability in the Middle East.

Even with the war tension on ground, bitcoin price have not shown so much concern and dependence on the news for it movement lately, when the price recovered recently touching 73,000 BTC the war was on and that could not stop bitcoin from achieving that recovery price, so for that we can say that bitcoin is an independent asset and not many time it price follows mainstream media or war in particular region.