Nuclear War, What It Means For Bitcoin

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The following is an opinion piece written and sponsored by Intuit Consultants, a cryptocurrency consulting firm.


There is likely a correlation beginning to form between the increase in volume from South Korea since Trump’s election and the subsequent dramatic increase tensions between the US and North Korea.

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Many South Korean’s are likely using Bitcoin and Cryptocurrency as a way to hedge against possible wartime inflation of the South Korean Won, as well as to avoid potential capital controls that are likely to happen during a hyper-inflationary episode.

This, along with people in countries such as Zimbabwe and Venezuela already using cryptocurrency as an alternative to their hyper-inflationary national currencies, will likely be only one of many dominoes to fall if we go to war with North Korea.

This will lead to many people across the globe using cryptocurrency as an alternative to hyper-inflationary national currencies and as a hedge against increasing global debt and inflation.

Due to extremely high current global debt levels, if a world war happens, the world is likely to experience destructive inflationary episodes due to massive economic and war debts that have been racked up over the past 50 years, as well as massive increases in national deficits to pay for an extremely expensive war.

The only way to pay for these war debts with decreased economic productivity will be through money creation which will likely be the end of many national fiat currencies.

Many fiat currencies may be replaced with deflationary cryptocurrencies.

I suspect as the war spreads, we will see countries such as South Korea, Japan, Taiwan, China, Russia, Ukraine, The European Union, the U.S., and many others experience either chronic or hyper inflationary episodes over the next 5-10 years

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This is because increasing national deficits due to war and economic debts without increased productivity will lead to governments paying for the deficit by printing money which will lead to a collapse in the value of national currencies.

If the situation on the Korean peninsula continues to escalate at this pace, it is very likely that an armed conflict is going to break out.

It’s difficult to say which side will strike first, or when they will strike, but it’s likely that the Korean war will start again and could lead to a much larger world war resulting in dramatic consequences for global inflation and cryptocurrencies.

If the U.S. attacks North Korea, it will embolden Russia to push further into Eastern Europe and the Middle East, and embolden China to push further into the China Seas and Asia, while the US is using a lot of its resources to fight North Korea, which has one of the largest militaries in the world.

A war with North Korea will be extremely bloody, with casualties likely reaching into the millions on both sides, and will take up a significant amount of the US’s resources, which will make it easier for China and Russia to push into the territories that they annexed in Ukraine and the China Seas.

Annexations are usually the final steps before a world war breaks out, such as when Hitler annexed Austria right before WWII started.

I suspect this is why Russia and China haven’t taken any serious moves to stop North Korea’s nuclear and missile programs, and why they’ve likely been clandestinely supporting them by training their nuclear scientists, has helped dramatically increase the pace of their nuclear and missile programs, and accelerate a war with the United States.

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