The price of #BTC might hit 100k if us strike iran and here is why I think so
The United States dollar is one of the strong pillars that usa has. The value of this dollar is driven by the demand ( how many people want it mostly for business), If many people want its value increases.
If the dollar increase in value #BTCUSD price fall, think of it as how many mangos you would buy in the market if your currency has much value, they would be many than usual right? The same applies to number of btc you can buy if the $ value is high
So what happen when if the $ value crash? The bitcoin price will go up since you will need much dollars than usual to buy it
This why I think #US war on #iran will lead to increase in btc value
1) investors will fear to store their assets in dollars as the country is engaged in war, they will fear to continue investing in American companies since their growth might be affected by war, this will reduce the dollar value making btc price rise
2) people will demand btc much more to do trade as it is not controlled by any government
3) iran currency has fallen meaning they will need a way to buy ( trade) war material internationally and of course they can't use dollar they might need crypto as it is accepted internationally and more secure
#Follow4more content like this
