How Digital Currencies Are Affected by the Israeli-Iranian War
1. Increased Volatility:
Any large-scale war leads to economic disruptions, prompting investors to hedge or speculate in digital assets. Currencies like Bitcoin (BTC) and Ethereum (ETH) often experience sharp price volatility.
2. Turning to Digital Currencies as a Safe Alternative in Some Countries
If financial sanctions are imposed on Iran or if the Israeli or regional banking system is restricted, individuals and businesses may seek to use digital currencies to circumvent banking restrictions, as seen in previous cases with countries like Venezuela and Russia.
3. Cyber Attacks and Their Impact on Blockchain:
The cyber war between Israel and Iran has been active for years. An escalation of these attacks may target cryptocurrency exchanges or blockchain networks, putting trust in digital infrastructure at risk, thus leading to a decline in the prices of some currencies.
4. Benefit of Stablecoins:
When there is fear of market volatility, investors turn to stablecoins like USDT and USDC as a safe digital haven, increasing demand for them and boosting their trading. #IsraelIranConflict #BTC #ETH #bnb #sol
