When There’s Blood In The Streets, Should You Buy Houses, Gold Or Bitcoin?

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Last Updated on 2 April 2022 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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A very famous line of international investing states that you should buy houses when there’s war ongoing. Nathan Rothschild, the 19th-century British financier and member of the Rothschild banking family, is credited with stating the famous quote that “the time to buy is when there’s blood in the streets.”

However, if you want to make a quick profit and are no longer counting in years to make a return on your investment, or if you are simply trying to avoid international banking and finance sanctions, the updated saying should become that ‘crypto’ is the investment of choice when there’s war around you.

As even the International Monetary Fund recently admitted in a blog post that:

Before the pandemic, crypto assets such as Bitcoin and Ether showed little correlation with major stock indices. But this changed after the extraordinary central bank crisis responses of early 2020. Crypto prices and US stocks both surged amid easy global financial conditions and greater investor risk appetite.

By now, millions of (mostly younger) investors are showing renewed enthusiasm for crypto, not least many retail savers lured by its surging prices. Analyst have even claimed that in the post-pandemic world bitcoin could even displace gold as investors’ asset of choice to address extreme risks, inflation and price instability.

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China versus Taiwan

Secondly, the geopolitical turmoil that stock markets have been put through because of Russia’s invasion of Ukraine has also had consequences for crypto. For many Russians and Ukrainians, who have seen their respective native currencies plunge, the likes of bitcoin, ether, waves and other cryptocurrencies have come to serve as a store of value. These digital currencies unbacked by real assets such as gold or commodities have allowed them to find a workaround from international sanctions.

As the war evolves and blood is in the streets, the Asian world is watching. If China should ever decide to invade Taiwan, expect many Chinese and Taiwanese to start buying Bitcoin in response to (probable) Western sanctions. That is, if Bitcoin is even still affordable by then.

RUl8let / Depositphotos.com