Will the war impact the crypto market? Yes, whenever there is a war anywhere in the world, it affects every market whether it is the stock market or the crypto market. People start pulling out their money in uncertain situations, and because of that, the market shows fear in the short term.
People want to take their money in more safest place maybe Gold, Banks or investing in any safest asset to secure their money. When the war goes to its extreme then in that scenario people will surely start pulling their money.
But the special thing about Bitcoin and crypto is that they are different from the centralized system. That’s why, when global tension rises, some people see crypto as a “safe haven” and invest in it.
This is a positive point for the crypto investors. Because Bitcoin is also among the safe haven and surely investors see them safe in this market. Maybe investors gets diversify investing in Bitcoin and Gold.
There is possibility for Bitcoin to reach $100K during this war but as soon we see settlement in the war the market recovers quickly.
If the war continues for a long time, short-term pressure will come. But if people start seeing Bitcoin as digital gold, then it can show a strong rally.
According to my guess, there will be no such impact of the war on Crypto market but other financial markets will struggle surely specially stock market.
What do you people think about the impact of war on crypto market? Do you think Bitcoin will be considered the safe haven investment? Will be glad to see your answers in the comment section.
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