Does natural disasters have any effects on the crypto market?

[Fidelia]

I listened to a crypto analyst say that the fire that is gutting California would force some people to sell their bitcoins to repair their houses. That means in view of the California fire, we should expect to see the crypto market alas bitcoin market dump.

Does natural disasters affect the price of crypto?

 

[Suba]

I don't think so, natural disasters are only local or only occur in certain areas so they will not affect the crypto market globally, even if there is a big crypto sale but it is only temporary or the market correction may not last more than 12 hours.

 

[Min George]

I don't think so, natural disasters are only local or only occur in certain areas so they will not affect the crypto market globally, even if there is a big crypto sale but it is only temporary or the market correction may not last more than 12 hours.

Do you imply that a global disaster would affect the price of bitcoin and make it to dump? But I doubt this California fire is that huge to cause that though.

 

[Suba]

However, the devastating fires in California last week did not shake the crypto market drastically, as evidenced by the stable Bitcoin price between $94k and $98k.

 

[riberet19]

I don't think a natural disaster in a particular area can shake the crypto market or the financial market in general, but if it's a natural disaster of great magnitude it could, but that has very little chance of happening IMO.

 

[King Belieal]

Natural disasters in a particular location doesn't have that economic weight to affect the crypto market.

 

[eLdavis]

I think it depends on the size of the natural disaster, a small scale one might not have any real effect on the crypto world.

 

[Stardom22]

For me l don't think the cryocurrency market could be shaked by the natural disasters for that matter. Considering that the fire disaster is happening in two or three states in the US.

 

[Augusta]

Nope, natural disaster in a particular area can't shake the crypto market or the financial market in general, it doesn't get such power

 

[Kera]

I don't know if Corona is a natural disaster but it sure affected the price of bitcoin at the time it occurred.