Iran-Israel conflict will have a bad impact on cryptos and other economic affairs.
Greetings friends!
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Human nature is very complex. Man is a social animal but always in conflict. Recent Israel-Iran conflict is one of the example that shows how humans behave and how ambitions of leaders destroy life of thousands people.
Iran and Israel are 2000 kilometers away. So, they don't share boarders but they have engaged in a war. War is a thing which is not the matter of discussion in this post. I am concerned about world economy.
It is certain that the present crisis will lead crypto price to come down. If war escalates further, crypto winter may come as economy all around the world will suffer because of it. We have seen in the past that cryptos perform well in peaceful situations. Moreover, this war will increase oil price which will be bad for the economy. Countries like India which are depended on oil import will face difficulties. No matter how far you are, you won't be spared from the impact of this crisis.
Overall, it will be bad for the economy. My sympathies are with the people who are suffering during wars.
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