Five upcoming 'important' posts regarding the current war and Bitcoin in detail
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Is Bitcoin a safe haven or the first victim?!
When the world shakes and all the news becomes missiles, people look for a safe place for their money
Just like in the old days when they used to hide gold, now Bitcoin has become the digital haven
¤ But when Israel struck nuclear sites in Iran, and Iran responded with drones, Bitcoin dropped 4% in one day, from $108,000 to $103,900, why?!
- The reason is that when investors catch a whiff of nuclear war or anything that affects the internet, they sell everything, even Bitcoin, to hold onto cash
But it's not just that. The idea is if the war drags on, people may lose trust in banks and fiat currencies, especially if oil prices surge and the dollar weakens. This is when Bitcoin comes back strong, because it's decentralized, meaning there’s no government that can control it.
Imagine if the countries in the region, that are scared, started converting their money to Bitcoin! We might see an unexpected leap
You got it!? This is the first post
Don't forget to follow me for the remaining posts where we will delve deeper 👋