If these assumptions/predictions are to be true then what will be its effect on cryptocurrency most especially Bitcoin. As we know during war, economic activities are always grounded where many will be thinking only about their survival in terms of living than economic dealings and gains
The war in Ukraine and Palestine has taught me one of my biggest life lessons. From the destruction of lives and property, it became clear that survival is greater than anything you own in life. Properties that took families years to build were destroyed in a twinkle of an eye, but I see them happy because they are alive. I have seen pictures of people celebrating escaping a bloody attack and caring less about what they have lost.
Was recently discussing with a friend who is of the opinion that since Crypto/Bitcoin is a digital kind of money it should not be affected by any natural disaster or war but for me I believe it will be affected since crypto/Bitcoin is striving because people are making use of it and if these people are affected by war, which will disrupt flow of doing things the normal way, then crypto will die a natural death at least for that period.
The Bitcoin network might survive the war since it is decentralised but it will affect the price negatively. Bitcoin is part of the economic sector of the world, so the price will drop if the world goes through economic problems.
Although we both agreed that even if there would be a World War III, participating countries will not be more than 6 going by previous wars but these countries will be economic powers that can/would ground economy of others countries depending on them. Hypothetically, say Russia, it might be difficult to pump oil to neighboring countries and other countries abroad that depend on them for their survival and might not be able to power countries including Satellites and Base stations (BTS) to generate data. Without data, cryptocurrencies will be useless as there would be no trading of any sort for that period.
I am not wishing for a world war but you cannot easily predict how many countries will be involved. Many of these economically prosperous nations have allies that might wish to join forces with their ally. Many countries in Europe are reducing their reliance on Russia and have discovered new sources of oil and gas. I don't think satellite stations will lose power because there are other sources of power but they can always retrieve data when the power comes up.
Will like to know your view on these as 2024 prediction for Bitcoin, Ethereum investment is encouraging and we don't want anything to truncate this flow. For me I believe there won't be any war significant enough to affect investment in Cryptocurrencies.
My prediction for this year is that there will be no world war. If it ever happens, the war will affect the price but the network might still be operational if they are decentralised. However, the effect of this war on the crypto world will depend on the devastation of the war on the world. WW3 might wipe out a major percentage of the world.