Will Cryptocurrency be affected with the ongoing war?

[Starmix]

Cryptocurrency is not anymore new to the world but I am so curious if the ongoing war gives a negative effect to crypto trends. There are so many crypto holders here and I am very sure about your feelings especially to those holders of bulk crypto.

The war is in the Middle East apart from the war between Ukraine and Russia. I am so curious to now whether the Islamic nations are also a huge fan and lover of crypto.

What do you think?

 

[Nomad]

I think war will bring favorable results in crypto world because it will be easier to transfer money and also invest money

 

[Suba]

The impact of war on Bitcoin/crypto prices will depend on the high impact of damage to economic and financial distribution, disrupted exports/imports, which will have an impact on capital markets which are currently closely intertwined with crypto such as Bitcoin ETF and Ether ETF.

 

[Starmix]

That is so delicate if the export/import will be affected. The price of the crypto will be affected high or low.

 

[King Belieal]

If Israel strikes the crude oil facilities in Iran, and the global supply of crude oil shrinks, it would affect many markets including the crypto market.

 

[Starmix]

Indeed, if Israel bombs the oil facilities of Iran, the world will be in panic though not all countries like the Arabs because they have their oil facilities. The crypto thing will be affected.