What will happen to Bitcoin in a World War scenario

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legendary

Activity: 2156

Merit: 1393

You lead and I'll watch you walk away.

Quote from: Sunshine90 on October 19, 2017, 06:28:40 AM

Just thinking, what would be the case in a scenario like

1. North Korea launches a successful nuclear missile to the USA. A war breaks out. Will the Bitcoin be seen as a safe haven?

2. What about if this leads to the World War III? Will the biggest victim be fiat or cryptocurrency?

Just for the hell of it, I’m going to pretend the only thing you have to worry about is your money when the fallout starts raining down.

If your country is one of the combatants you will most likely lose all access to the internet because your country will need to control the flow in information. Former shipping lanes (railroads, highways, waterways) will become military targets and under military control. Because of the control of shipping lanes it’s likely that normal commerce will cease to exist. The means of production will be aimed at military uses and civilians will be given products necessary for population survival by marshall law deliveries.

Under the above WW III scenario, the currently used fiat will be suspended. Military scrip will likely replace any form of currency used to buy anything. Most staple products can only be purchased from government distribution centers. Millions will die from radiation exposure or starvation. Currency between individuals will be anything of value. Things like medicine, gasoline and food will be the new money. Bitcoin will be nonexistent.

noonc

member

Activity: 111

Merit: 14

I think that if world war broke out then the legal currency of all countries would become useless and the price of bitcoin will continue to rise and rise to incredible levels. Because it is unregulated, it can circulate in all countries of the world. When the war breaks out, countries will not arbitrarily trade goods and materials will be manipulated. Then the advantages of bitcoin will be reflected.

ninche

sr. member

Activity: 610

Merit: 261

there is already world war against btc currently

clubchain

member

Activity: 95

Merit: 20

If there is a real world war, then I believe the global financial system will be affected.

whitemacna

member

Activity: 123

Merit: 10

A World War will most likely affect all currencies unless the war is localized to neutral battlefields. The chances of bitcoin becoming a safe haven in case of world war 3 are very slim. first thing first, let's hope it will never happen.

Almat

sr. member

Activity: 254

Merit: 250

Quote from: Sunshine90 on October 19, 2017, 06:28:40 AM

Just thinking, what would be the case in a scenario like

1. North Korea launches a successful nuclear missile to the USA. A war breaks out. Will the Bitcoin be seen as a safe haven?

2. What about if this leads to the World War III? Will the biggest victim be fiat or cryptocurrency?

1. Possibly. It's more likely for a global recession to take place though. I have no idea what will happen to Bitcoin then.
2. We'll all be victims. World War III with so many nuclear powers might actually end civilization as we know it.

grapevin

full member

Activity: 232

Merit: 100

I collect coins and tokens. HODL!

Silly question.
WW3 is not going to happen. Korea aint going to do squat.
Stop watching the news, they just trying to trick and scare you.
If you are going to choose to worry about something (why?!) worry about your hearts health or what you are eating.
Also no matter what happens to you or Korea BTC is going up so stop worrying!

leisha

member

Activity: 105

Merit: 100

World War is a scenario which almost all of the countries fight each other and lots of infrastructure were destroy. Internet and electricity might be gone. If World War happens, bitcoin might be useless because it depends to the internet and needed electricity.

Bohxz M4p4gm4h4l25

full member

Activity: 339

Merit: 120

Quote from: Sunshine90 on October 19, 2017, 06:28:40 AM

Just thinking, what would be the case in a scenario like

1. North Korea launches a successful nuclear missile to the USA. A war breaks out. Will the Bitcoin be seen as a safe haven?

2. What about if this leads to the World War III? Will the biggest victim be fiat or cryptocurrency?

I think if world war happened I think we will think about our safety first, how are we going to survive in the middle of this kind of societal circumstance, I think It will deprived us from working here and stay in evacuation area most of the investor will stop inveating here and keeping their funds safe so after war they can use it, in a nutshell it will gone, cause the fact that workers are gone bitcoin will extinct.

paolo099

full member

Activity: 224

Merit: 101

first thing first, let's hope it will never happen.
Second, i would care bit more about my family and how to survive in case of nuclear war/bombing and so on.. for sure BTC will not be the first thing in my head (although crypto may become toilet paper in a matter of second).

Thekool1s

legendary

Activity: 1512

Merit: 1218

Change is in your hands

Well there is no one answer to this question, in case of a nuclear winter there will be no internet, no electricity, no law and order so in that case any currency will become useless, The chances of bitcoin becoming a safe haven in case of world war 3 are very slim. I don't see people residing to something virtual which will provide them zero value in the brave new world.

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

A World War will most likely affect all currencies unless the war is localized to neutral battlefields.
I don't see World War happening anyway. N0rth K0r£a too little to cause a World War.. Would Russia or any large country side with real aggressor? I guess not

Sunshine90

newbie

Activity: 8

Merit: 0

Just thinking, what would be the case in a scenario like

1. North Korea launches a successful nuclear missile to the USA. A war breaks out. Will the Bitcoin be seen as a safe haven?

2. What about if this leads to the World War III? Will the biggest victim be fiat or cryptocurrency?

Topic: What will happen to Bitcoin in a World War scenario (Read 275 times)