Do Natural Disasters Affect the Crypto Market?
Natural disasters, such as wildfires or floods, typically have minimal direct impact on the global crypto market. However, they can disrupt infrastructure like mining farms or power grids, affecting blockchain performance (e.g., Sichuan floods, 2020).
Disasters can also create economic instability, driving interest in cryptocurrencies as alternatives to disrupted financial systems. Investor reactions may vary: some liquidate assets, while others view Bitcoin as a “safe haven.”
Video by Los Angeles Times
