That's not a global chaos, previously it's only Russian and Ukraine, while right now it's only Palestine and Israel, people who live in a country where it's far from those 4 countries will not get an impact. They might influence some effect like oil price, inflation etc, but you can still live freely even though it's quite struggling.
During global chaos, every assets will become worthless because foods, weapon and place to live are the most important thing.
But the case you mentioned above, it's a small chaos, the best is holding BTC since you can move to other countries and your wealth are still protected.
Topic: In Case of Global Conflict, Is BTC The Best Alternative? - page 4. (Read 407 times)
Look back what happened when the war started in Ukraine. If you look at a weekly chart you can see that it had no effect on bitcoin. The market which had the most effect was oil markets where oil spiked higher during that month.
Right now the indices tanked, oil pumped and crypto markets traded sideways. So most likely it won’t have a negative or positive affect if the war in Israel is long.
Right now the indices tanked, oil pumped and crypto markets traded sideways. So most likely it won’t have a negative or positive affect if the war in Israel is long.
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Now, in the face of a global chaos, do you think holding on to Bitcoin is a good idea to protect our assets?
Not exactly. Holding bitcoin is a good way to protect our wealth, it is probably the best asset to do so. I think you have expressed yourself incorrectly and that is why I am clarifying.
When economic crises come, those who have assets always come out better off than those who don't, and this time will be no different. We have seen this with the war in Ukraine and inflation, which started before, and was exacerbated by it. Right now the price of oil is rising and this is going to have an impact on the economy in general.
Now, in the face of a global chaos, do you think holding on to Bitcoin is a good idea to protect our assets? Will it be acting like gold which can be so valuable during war?
Absolutely! When a country declares war, it messes with their economy big time. Money's value tends to plummet because of high inflation brought on by the war. But hey, if you've got some Bitcoin stashed away in your wallet, it won't be as affected since its price isn't solely tied to one nation's situation. Unless, of course, there's a full-blown world war involving major countries; in that case, everything's probably in trouble. But at least your Bitcoin remains safe and sound, as long as you've got that key handy.
We've been through plenty of crises before, and you know what? Bitcoin's still kickin'. Actually, it's doing pretty darn well these days. Some folks even reckon we might be headed for a bullish period soon.
Right now, the world is witnessing another round of big conflict in Middle East particularly Israel after Hamas operatives were able to penetrate the small country and made some havoc moves. In the international theater, we still have the unresolved Ukraine-Russia war and there are those sounding the alarm for the possibility of the China-Taiwan turmoil as well as escalated North-South Korea protracted relations.
Now, in the face of a global chaos, do you think holding on to Bitcoin is a good idea to protect our assets? Will it be acting like gold which can be so valuable during war?
Now, in the face of a global chaos, do you think holding on to Bitcoin is a good idea to protect our assets? Will it be acting like gold which can be so valuable during war?
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