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Is it fair to expect the price of BTC to rise after the next currency shock, the Saudi Ryial deppeging from the USD?

Wed Jan 20, 2016 7:32 pm

I have a question I hope some of you can help me out with? And excuse my ignorance :oops:

My understanding is that the Ryial currency of Saudi Arabia wil probably de-peg from the USD, we al know the relationship between the two, among the most affected will be Turkey that probably would impose currency controls, it's a long story and I don't want to bore you guys.

My question is, are currency wars are correlated with the price of Bitcoin, and if so, in which manner?

I would appreciate any insight :)

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Re: Is it fair to expect the price of BTC to rise after the next currency shock, the Saudi Ryial deppeging from the USD?

Wed Jan 20, 2016 7:38 pm

Currency wars can definitely affect the price of bitcoin. Countries like Brazil and India are adopting bitcoin much faster than other countries and at some point this will drive the price up globally. I'm not sure how easy it is for people in Turkey to load up on bitcoin but if there is enough fear people will find a way.

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