Does Bitcoin Have Any Part in What Iran and World War 3 Could Pose?

Currently, Bitcoins Price stands below 8,000USD. This latest figure shows a strong gain for the cryptocurrency asset, but does it have anything to do with Iran’s General Qassem Soleimani being killed? 

Fiat currencies face inflation, this applies to all world currency, and for some market analysts, the sudden spike falls under this fight to ensure people do not lose value from sudden troubles in their country's economy. 

Bitcoin does not face inflation problems. Fiat currencies like the Iranian Rial and the United States Dollar do. 

Wars lead to high inflation, for that reason, investors must take action to insulate their portfolios against the effects of that inflation. — https://www.gold-eagle.com/article/war-and-inflation

Traditionally Gold and other scarce assets would have been how many investors hedge, however, with cryptocurrencies like Bitcoin now available, the markets and people, have more options, so is Bitcoin getting in on the action? Truthfully, it will depend on how you look at Bitcoin and its correlation. 

Asking the UniDAX Exchange team, their opinion was that Bitcoin and 10%, 20% or even 50% changes in value, happen frequently over its history, with many metrics forming the overall change. 

For Iran, Bitcoin could be a viable way to fight off inflation problems, by shielding their wealth against possible problems with the local Rial, however, it is important to also state that Bitcoin like all other cryptocurrencies see constant dips and rises in value, with very difficult reasons as to why.

Michael Novogratz, a top name in crypto and CEO of Galaxy Digital when asked about the upcoming possibilities, said, 

“the more I analyze this Iranian situation,” the more bullish the case becomes for gold and bitcoin.

“Mideast less stable,” Novogratz tweeted. “Equals more volatility.”

Asset risk and fiat inflation are only the beginning if war breaks out between any country, is Bitcoin a safe bet, or will traditional Gold type investments continue to reign supreme? 

Only time will tell.