Bitcoin Forum

What I believe:


It depends on your perspective, whether short- or long-term.


Bitcoin is not and has never been immune to short-term hysteria.


Bitcoin benefits in the long run from efforts to shut out whole countries from the international correspondent banking system.


Obviously, I am on the side of the excluded, i.e. the misfits. My good buddies are all financial misfits!


How do you feel about this?

Pretty simple, if you're from a region that has conflict, you're better off with fiat than bitcoin so you trade that bitcoin for fiat and hopefully it would be enough for you to survive for awhile at least until the aides and help come which might take a long time because in a war, most resources are focused on offensive and defensive efforts of the country.

Actually in case of that what you need is food and shelter because neither fiat nor bitcoin are going to prevent starvation or stop bullets.
Not to mention that you can't really store large bags of cash in your home because the banking system is going to be the first that will get hit. You can see how Russia performed a large scale cyber warfare against Ukraine over the past couple of days that included hacking their banking system. Meanwhile bitcoin is not and can not be affected by this.

Couple of reasons. If there is conflict so there will be the internet issues. System crashes and many more.
And there should be a cyber attack too.

As you mentioned it's international conflicts, obviously it will have many impact to almost other sectors not only Bitcoin. It can be either Russian and Ukraine citizens trading Bitcoin, they convert their coins for cash, they can't access their coins due to internet connection etc. However you're right if you're a holder, you shouldn't really worried if you not live in Russian or Ukraine since you can buy every dip of this conflict and keep holding until the market recovered/back again.

You know what, I have not even thought about cyber attacks.  Yesterday they did say a few areas in Ukraine were left with power cuts and impossibility of communicating through cell while a few important websites did get taken down.  It may definitely be a reason for the current panic.

On the other hand, take it logically.  If you go survival mode due to a large scale war, last thing you would think is of importance is holding on to your dog breed Tokens.  It is clear to me now that the fate of Cryptocurrencies during large scale events has been decided.  And they are definitely not considered a safe haven.

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Regards,
PrivacyG

Watching news now and seeing the long line of people in Ukraine waiting in their turn to withdraw their money and says their planning to escape their area can be like the mind of the investors at times like this where there is a conflict in a country and crisis facing the businesses and economy, as we see how the stock react and declines now many depends on having cash or securing their investment as there is no definite date when will this war will end and what may happen after the invasion. We cant still say whether the price will continue to decline or not.

The conflict that occurred in ukraine has clearly triggered considerable fear for the people there, and of course this will also affect the economic stability in the country, from some of the media that I read today, many people from ukraine and other citizens who live in ukraine has been starting to leave the country, and looking for a safer place of refuge from the impact of the russian attack, i think now the current conflict has brought negative sentiment to crypto market investors, thus making crypto prices fall like they are today, in my opinion if war will continue, of course, the market may continue to experience a significant decline in the future.

Indeed, crypto is really not immune to worldwide scenarios be it good or bad. And yes, in the long run, depending on the "hysteria" the whole crypto industry benefits a lot or a little bit. Maybe it's because of the innate desire of people for freedom and the addiction for the hopium that the cryptos will make people rich. Not to mention the fact that lots of doors have opened for the majority of people who are tired of their usual jobs or doesn't even have one at all.

There can be a lot of reasons but one thing is for sure tho, bitcoin along with this entire industry will continue to flourish despite the drawbacks in the present and in the future.  It has already spread its roots deep enough that it would be impossible to pull it out without having an uproar. At least that's what I think.

Yeah I personally would pretty much side with everything you’re stating here. If one wants a true hedge, then they need to purchase gold or other precious metals. Bitcoin is still a very new asset and it’s going to take some time for it to become a true hedge asset. In the long run I certainly see it becoming that. My two anyhow.

Currently theres a conflict with the two countries Ukraine and Russia because of this the economic right now is going down they must need to use most of those funds to funds their war if this will continue large handlers of investment will pull their assets to prevent more losses and of course, another way of the market to pulls down again. Economic is another factor for the bitcoin to the people who live to those places hoping to keep safe.

Honestly, in such conflicted situation human mind can not bend to the extreme dimension. For example one May think that lets transfer the money into bitcoin, flee the country and get settle somewhere else safe and free. However these thing does not work as simple as that ? With such conflict thing Ukraine may halt the crypto operations, may not give visa to flee the country. In addition to this they simply can’t live in other countries as they will need to start over. It’s very bad situation though. It’s example of failed economic system. Moreover, it’s peeps who should really fight back by implications of crypto currency.

I believe countries is not focusing on war funds right now especially Russia. They are prepared for this and there's no way there currency has worth right now globally due to bunch of economic sanctions they received all over the world right now. The global market down is highly due to speculation of traders against war in Ukraine which will result on oil price hike due to increase in demand.

This war supposed to be not affecting cryptoarket since the war is an isolated case. Only Russian Market should be plummet down at this moment, But since traders has different perspective on war then they are selling just to play safe

Why is only Bitcoin mentioned going down? I think all assets are also disabled due to this conflict. Nothing is completely safe because the only supplies for survival in wartime are food, drink, clothing, and medicine. Then the automatic withdrawal of fiat money is used to purchase the equipment. And the panic that ensued had an impact on all countries. But there is one thing holding back gold is now rising in price, Ukraine and Russia are heating up and this conflict is still ongoing so the price is certain to stay below $35K. No one knows how long this will last but the whole thing really spoils the value of the investment.

Following the news of the conflict, we saw a wide range of markets reacting clearly, bearishly forewarned as threats of conflict loomed. I also do not feel surprised when the price of many things in many areas reacts strongly in the near future. In some countries, physical gold has increased sharply. I think many people have begun to fear and seek attention for better hidden assets in their opinion.

Such a situation that is developing in Ukraine threatens not only the price of bitcoin, but also the entire stock market in the world. Oil and gas prices are breaking new records, it seems that prices will continue to rise, as the situation will not magically end. This conflict will last at least 2-3 weeks until the Russians clean up the mess and settle down. So you need to wait, carefully monitor the course and buy at the very bottom. And then, as usual, to the moon! :)

Russia has been preparing for this for years. Dropping the US Dollar and stacking gold for the last couple years. Bitcoin will recover, as will all assets, eventually. My hedge against economic collapse is bitcoin and bullion. The WSS subreddit is trashing on Bitcoin but as they say, when in doubt zoom out.

Russian President Vladimir Putin abandons a peaceful solution of a dispute with Ukraine, he has announced special military operations in Ukraine. This is a crime against the people of Ukraine and Russia.
The dispute between Russia and Ukraine has had an impact on bitcoin and other cryptocurrency. Referring to CoinMarketCap data, bitcoin price is at $35,757 or down (-7.3%), Ethereum is also following in bitcoin footsteps, Ethereum price is down (-9.3%), Avalanche (-12.8%), Cardano is also down (-13.7%) and there are several other crypto assets that have experienced a decline due to Putin announcing special military operations in Ukraine.

The drop in cryptocurrency prices could still get back on a good track in the near future, Our main focus is not on the market, but on everyone in Ukraine right now. We sometimes forget that there are people who live in situations squeezed by the effects of a war, ranging from the risk of killing innocent people, misery to world stability disrupted by a war.
So I think we should put aside all about the market "even though some people think it's important". Let's pray that God will give safety to everyone there.

It all depends, I think that Fiat is most likely to be important at a time like that. And why I think so is because despite what you will be needing is shelter and food, you would still need money to purchase food and to pay for shelter, although that really depends in some situation. But, mostly you’d be needing cash and that is what most people would think.

But that doesn’t make Bitcoin any less important, they are all good, and I don’t really think it is that much necessary for anyone to be selling their Bitcoin unless maybe you do not have much money in your bank account and you feel that you need to sell some of the bitcoins that you have to kind of cover up for what you are lacking at the moment.

And I also do not think that people would have time to be selling Bitcoin in such a time, their mind wouldn't really be going there for now 'cause they would just be looking for ways to survive and that's it.

I am not clear what impact international conflicts have on BTC price. We saw increase in BTC price (https://cryptopotato.com/bitcoin-price-surges-500-following-iranian-quds-forces-leader-assassination/) after USA killed Qasem Soleimani an Irani general on 3 January 2020. At the moment BTC prices are not going up due to Ukarine and Russia conflict. It may be because BTC price has already gone so up in last one year that there is not much room for further expansion.
Just my own thoughts.

Same idea. I still think bitcoin is a pretty safe haven. but yesterday's conflict has turned the whole market a red. we always compare bitcoin to gold, but maybe not now. Bbitcoin needs more time to show itself, maybe when bitcoin price hits 400k$ -500k$. Only then can bitcoin be considered a safe haven.

Yeah you made the point, someone who is in an area where there is conflict would prefer to have cash at hand and not Bitcoin. Because majority of the things that you will have to do would require you making payments in cash, in fact 99% of things that you would be doing at that moment would require cash or Fiat to make the payment.

So, Bitcoin wouldn’t really be of much use to anyone that is in such position, so they would prefer to sell all the bitcoins or most of the bitcoins that they have if not all, so that they can have more cash to deal with whatever problem that they might encounter during that moment.

I think it was a "Safe haven" until the large institutional investors started to invest in Bitcoin.. then things changed slightly. You see... it only takes one spark to ignite a fire... and these institutional investors panic selling is just the spark that are needed to trigger a dump of more coins from other traders.

They suddenly sell a large quantity of bitcoins on exchanges and the bots goes in overdrive... because they were configured to protect the traders. So you get a ripple affect in the pond and the small ripples ..turn into waves.  >:( >:(

When I started with Bitcoin years ago, I was under the big assumption that Bitcoin is a safe haven especially during time of chaos and problems of great magnitude. When the pandemic started, Bitcoin actually made a heavy slump though it eventually recovered. So maybe it is possible that at the start of any conflict Bitcoin can take the hit but as time goes on it can be immune to that conflict and would be starting to rise again. We have to remember that Bitcoin can never be confiscated by any governmental power and it is number one choice on this aspect and because BTC is having a dip right now getting into it is really an attractive proposition but of course am not referring to the money that you are supposed to be using for your daily survival especially if you are in Ukraine.

The banking system in Ukraine is still working without interruptions. In some areas, there are only queues at ATMs. The situation is tense, but after yesterday the occupiers received a worthy rebuff, the patriotism of the population is already going wild. People help the army with money (only yesterday more than 20 million hryvnias were transferred to a special account of the National Bank of Ukraine), food and transport, and en masse join the ranks of territorial defense. Although Ukraine is significantly inferior to Russia in military potential, it is unlikely that it will be able to defeat such a people. Ukrainians do not intend to return under the yoke of Russia.

I understand what you are saying but people need fiat to pump into Bitcoin investment for that to happen and I see people saying that the Russia/Ukrian war is affecting Bitcoin but is this really the case?
I just wanted to check that highlighted question, is it really this present conflict that is affecting the price of Bitcoin and other cryptocurrencies, or is Bitcoins price going along the normal TA determined price.

I wanted to put this here first so that we can comprehend it from a wider perspective
https://i.imgur.com/ILgdxX1.jpg

but my focus is zooming in on a couple of days here, the green circle and arrow marked price still look like it is still trading along the resistance dotted redline around $39k+.
https://i.imgur.com/K2Q27eV.jpg

The market has been having little flash dips since before the war started and it is not different from what we saw with the Bitcoin price within the past few days. Not unless there is something else I missed I would say, Bitcoin is just having its normal market pattern and not under the influence of this Russia/Ukraine crisis.  

Stop comparing the price of Bitcoin to fiat. 1 Bitcoin always equal 1 Bitcoin. That will never change!

Since this is the biggest conflict it faced so far, I guess we'll see very soon. The initial reaction of falling is only natural when anything significantly bad happens, but right now it's almost 8% up from yesterday, and I think that overall it will be fine. Bitcoin is a currency one can use without borders and without centralized parties that might restrict the flow of money or be under restrictions from other parties. It's also the most reliable financial tool that is certainly not under anyone's control and is not as dependent on the global economy as other, more traditional things like stocks. So unless we're at a stage when people abandon money overall for real food, weapons, protective materials etc. all over the world, I think it will rise.

It does impact bitcoin's price and if we take the current Russia's invasion of Ukraine then the users in the conflict zone need fiat more than any other time hence they will end up selling what they have stored in bitcoin or other crypto as there is no guarantee about survival and having fiat will help them with their hardship and possible migration, at the same time due to sanctions from EU and west on Russian financial institutions they would prefer bitcoin as a medium of fund transfer so it has possibilities of pushing the bitcoin's value on both the ways but only on short term after which it would be business as usual for crypto.

 i don't think it's necessary to sell bitcoin into fiats despite of their situation. because surely they have enough back up money to sustain their needs and in order to survive of that war.

Imagine most people nowadays has savings mate so probably its not needed if however some of them have bitcoin investment.
Infact this war has been rumours for how many days so for sure they are very ready especially for their needs.

And lastly bitcoin isn't legal tender on their country and just implemented few days ago, so i don't think most of their money is on bitcoin and since month of February market growth rate is keep decreasing as well.  ;)

As we know, if there is a conflict, it will cut off the facilities in the city. just as the russian bombed a city in ukraine, causing infrastructure damage, so while the internet is still usable, many people choose to keep fiat, which is easier to buy food needs. from this picture, it is not surprising that the price of bitcoin continues to fall even though it may not last long

Bitcoin can solve your financial problems to some extent but it could not solve world problems like this war.The most who suffer during this wartime is the soldiers and the common citizens as they are first Target and got their lives disturbed and frankly saying btc can't help at this time to them.You need to convert it to fiat to buy some stuff but what if banks are not operational? The global peace is solution for this war and it needs to be stopped thinking how many people would lost their lives in this. :(

It seems to me that this conflict did not affect bitcoin at all, at the beginning of hostilities it really fell a little, but now it is rising to the usual numbers (perhaps rich people transferred their assets))) Lately I trust cryptocurrency more than fiat money

I think I save money to eat and live, and then convert it all into bitcoin，Bitcoin has been tested countless times. Bitcoin will continue its monetization journey in the next century, I think everyone should have confidence that Bitcoin will continue to move forward!

Very well said. Food water and shelter are what we need in order for us to survive in times of crisis like what Ukraine have experienced today. Using bitcoin in a middle of crisis
is not necessarily easy. For one thing, you need an internet connection and a working device. You also need to know how to use bitcoin, which some people are'nt able to pick up quickly in times of crisis.
The fact that it cannot be frozen, it cannot be censored, and it can be used without ID, thats the reason why bitcoin is such an important humanitarian tool. For better or for worse, it is also a part of international conflict too.

Never ever to see that this was a helping tool to solve and stop conflicts, not even to help poverty but this just an alternative currency. The most possible way it helps during this war in the people from Ukraine and even from Russia is to make use of their Bitcoin to purchase online and they don't need to go outside but instead, they will stay at home waiting.
Well, some people from Ukraine asking for some donations and the good thing about Bitcoin is people can send some without going there and it saves hungry people.

Basically on that kind of purpose or simply with that payment system but people are trying to connect it to more complicated things like solving poverty or something that it isnt really that applicable anymore or couldnt really be that possible to happen.It is just on human thinking on applying out something which doesnt really fit out.This is a digital currency which do acts or serve out
just like on what we are doing with fiat although its on decentralized manner.It doesnt really need to solve out something.

It can be true that we got affected in times like this but I think we are not that much and the market doesn't just receive the consequences alone, it in fact affect the entire economic system. I'm not going to say Bitcoin becomes helpless at this moment over fiat but instead, I was seeing it going to move on than these fiat banks shutdown. The reality is that, people from Ukraine went to make online purchases if possible where they can make use of their Bitcoin or other digital currencies. And to believe that even the crisis happens, we can't see the price of Bitcoin drops badly and I think it was because the demand is still high and people are taking advantage to spend it while going outside and the use of fiat is likely impossible.

I think all problems are not just conflicts that can affect the correction of bitcoin, but usually those problems are related to countries that have a role in crypto as well, as well as large corporate institutions that also play a role in crypto.
everyone will usually be in a panic situation and immediately release their savings which causes the market to go down.
but this will not have a long impact will return to normal again.

Bitcoin is neutral in terms of political or international conflict but there is something during the conflict that will influence the price of the Bitcoin market which leads to FUD and major sell the market an example is some people who want Binance and Coinbase to ban Russians from trading platforms.
Another one is the Ukraine airdrop crypto fund if such crypto is sold at once it will impact the market although the market is already on the verge of market correction.

Cant find the thread that also ask the same thing like why BTC goes up when Russians invaded Ukraine which is exactly what OP expected too. Not sure what causes it either but feels good to see price rises.

I think its very timely because the market also bottomed according to some market analyst. And Ukrainians buy BTC bringing entire saving when crossing borders and Russias suspects Putin will seize their money to fund his invasion so they buy BTC. These are just what Ive read though.

Actually I am also expecting for another market crash of bitcoin due to this war between Russia and Ukraine but yeah it's quite surprising to see the market price pumped up even in the midst of the war. Now I know why there have some price changes takes place this past few days and that's because of other Ukrainians citizens buying bitcoin. Well, as some point yes it's quite good to see the market of bitcoin is doing great despite of the crisis. I know that crypto is not affected by political issues but this war that was intensely happening are very concerning.

in times of war people think about having security and food, they don't think about making short term investments let alone the long term and the destruction of things and sanctions makes more people panic and start selling things and moving to other places all this causes the price of things to rise a lot and a situation of total chaos, so it is normal for the price of bitcoin to drop, people are fighting for life, and in this process there is little room for risky investments because they need money with them right away

The dilemma of bitcoin short and long term investment is never gonna clear through our minds. Frankly speaking for us bitcoin is still primitive. It’s not because we don’t trust it or something, but it’s all because of the way bitcoin behaves and secondly the way Government/bank institutes are behaving about it. Mind it, it’s tough to stay steady about it because for every person the decision of their government matters a lot though bitcoin is world wide public asset. Just take an example of Canadian protestors and how their bank accounts were ceased. We are helpless in that case. So short and long, things are messy all the time.

There are two sides we have to look at. Bitcoin can be a solution for those affected by economic doubt from countries that provide the doubt of economic disconnection. But beyond that bitcoin is very weak because officially Bitcoin has no regulation and recognition as a currency. It may be very complicated, because bitcoin will not be separated from government regulation. So there is still a relationship with government agencies so to make him stand alone is impossible at this time.

At present, Bitcoin only conflicts with the US dollar. As long as it wants to become a currency in the world, it will conflict with Bitcoin.

Bitcoin doesnt conflict anything because it was never intended to be on that way.It is just people do really have that kind of positivity or hopes that it would replace fiat anytime soon
which is really that impossible if you do ask me or even majority of people on the community would say the same.No surprising about regulation issues or complaints about its decentralization
behavior or feature which people love the most and it is really just that government doesnt really like on dealing on something which cant be controlled.

The decentralized nature of bitcoin is a conflict between several government officials of a country, not bitcoin against the US dollar or fiat because it wants to become one of the world's currencies in fact. and bitcoin to international conflicts in terms of ownership ratios are two sides that benefit from fiat in terms of storage and utilization rather than fiat which tends to experience a slump and even cannot be used in conflict-affected countries

Bitcoin has a strong correlation with the other global markets, so if war breaks out and causes uncertainty in the markets, the price decreases. That isn't supposed to be a bad thing necessarily, Bitcoin isn't a global currency as of yet so of course it would be influenced by wars in Eastern Europe breaking out. Though I'd say crypto is more resilient to the uncertainty of war because it doesn't rely on stability of government for it's function. Fortunately you saw a quick rebound after Russia's invasion.

I don't think so because Bitcoin is decentralized, no country owns or controls Bitcoin. So it's not only with the US dollar. I think you just said this because we all know how the United States of America is a huge and powerful country.
For me, all the conflicts are normal, it is an international conflict indeed, also think about not only Bitcoin is affected by these, but even the non-crypto market is also affected.

That’s a good point. Even if there was no conflict, the price of Bitcoin was going to drop. It’s normal and it happens every time, so I don’t think it has anything to do with the conflict as of recent. The thing is that whenever this happens, there usually used to be an event that takes place and people will try to tag the drop in the value of Bitcoin to the events that has taken place.

But, the truth is that whether these happens or not, the price will keep fluctuating up and down. And we know that after everything that the value of Bitcoin is still going to increase later on as it has been doing over the years now, so it's definitely a better choice for a long term.

In conditions of conflict, it is very important to choose fiat for basic needs when the government is late in distributing food. Unless there is a service or merchant accepting bitcoin payments it may be an alternative to using bitcoin but in conflict conditions it is not possible to have a crypto acceptance service even though P2P.

If no conflict means no decision to change fiat currency from bitcoin, all expect long term investment but conditions do not allow, then the option is to change btc to fiat currency to meet basic needs Basically, if bitcoin is part of an asset then I am very sure they don't 100% convert it to fiat.

In times of conflict like what is currently happening in the northern side of the world... This is an issue of trying to punish Russia for all the crimes against Ukraine that has  to deal with all the sactions that are been thrown at them. And because bitcoin doesn't fall under the control of one country its difficult to link ita bearishness to the conflict as these are traits it has been exhibiting for years but then again Russia been a technological country people could be pulling out of bitcoin to try and not allow these guys to find a parallel source of stable financing.

Some people are saying that if you’re in the region where there is conflict that fiat is the best to hold, but I don’t think I agree with this. Fiat might seem like a good option, and of course it’s good, I am not doubting that, but Bitcoin is also a good asset to hold in such time.

A country in conflict would have their economy dwindling , and as the economy continues to fall the fiat you are holding is losing its value and Bitcoin gains more value. Sure it’s important that you have fiat or cash at hand or bank, because you never know what you might encounter and for the fact that we use fiat for almost every spending we make, but it is good to hold some bitcoin so that you can save value.

You need fiat to survive like for buying food and supplies. But if you have a handful amount more than what you need for basic expenses, converting them into crypto during the war would be a good move. As you can cash out your crypto anywhere there is crypto-exchange outside the war zone. And it is easier to carry a small hardware wallet or if you have your keys like in electrum. And the government won't know you have some stash in crypto.

Right now, we should not expect that we will be seeing the impact of this war. Maybe after few months or so, we will see what this war will do to crypto. But I am more on the side that it will boost the adoption and so the price will increase in the next coming months.

There's still that belief but it's just being portrayed by the media. Despite with the adoptions that we're seeing, they never fail to tell that it was once used for illegal transactions as if the fiat has never been used for it. But anyway, we can count on it that the perspective and view of the majority have been changing because bitcoin has been useful not just for individuals but also in countries that are experiencing and conflicts just like these two who has been closed with their transfers as the banks have frozen their operations.

Illegal activities are going on since the human life started, even today money laundering through fiat is a major concern worldwide. Just as fiat is double edge sword i.e. has both good and bad usage likewise BTC has both good and bad usage too. The only reason why BTC is facing criticism from governments is because they cant control its decentralized nature.
I would say for people of Ukraine, BTC is a safe heaven to store there assets till the time war is over. Everyone of us still need fiat for our daily livings. For war hit people, neither fiat nor BTC can lessen there miseries.   

And they would put the blame on bitcoin for those illegal activities which is also happening to fiat. The government and the media would just need to have someone to blame for.
But good things comes to bitcoin these days, everyone is starting to be delighted with what's happening on it because its decentralization is being known and people are becoming aware of this certain issue about privacy and the distinction of its usage for fiat and bitcoin.

Bitcoin is a decentralized currency which country inflation cannot stop not to pump to solve people challenges in the country. Even the government cannot make bitcoin to lose value because bitcoin is different from fiat money that conflict can cause to lose value because is a centralized that is control by the government. Many people has engaged themselves in bitcoin investment because is a decentralized currency that pump at anytime and dump at anytime without taking any permission from the government authority. Many people has used decentralized to solve their problem during the pandemic that took over 3 years and some months in the country.

because the nature of bitcoin is very good, so every time there is a problem, it is not just a conflict but many internal problems in the country, resulting in inflation, of course there is a solution that bitcoin can do to overcome this problem in the internal state, so as to be able to solve the problem to be able to recover inflation. alone.

but even though it is decentralized, it is not that there will be no impact on the price experienced by bitcoin if there is a conflict problem experienced by a large country which is well known for its very active use of crypto in that country.
because the conflict made many bitcoin holders afraid and let go of their investment which resulted in the bitcoin price being greatly affected and it would be corrected, although usually not for too long but something like that would be bad news for bitcoin.

Those who blame Bitcoin for brokering illegal activities are unclear and ambiguous.  Weak literacy in society should be strengthened.  But what the Government should think about is how such conditions can be reduced but not disturbing the users, isn't this one of the greatest achievements for them because of course the presence of Btc is an expansion of the international scene.

The governments just use the excuse that with bitcoin  money laundering is easy and therefore it is an evil currency. Anyone tell them  when there was no bitcoin, were there no money laundering. Why do they forget that they could not stop money laundering through fiat money also. With bitcoin, everything is transparent on blockchain while there are many ways to use fiat without the knowledge of anyone.
The main reason for government to oppose bitcoin is that they cannot control it or print it to their benefit.

Yes, I also think the same as you said, the war that occurred in Russia and Ukraine did not affect the price of Bitcoin because there are still many other countries that hold very large amounts of bitcoin. From the graph I saw, it was time for the Bitcoin price to rise after a very sharp decline, this is what makes me believe that the Bitcoin price increase has nothing to do with the war between Russia and Ukraine.

Now one of my friends lives in Ukraine, which is occupied by advancing Russian troops. He says that only paper money circulates there now. Banks have suspended their work and non-cash money cannot go. For the same reason, you cannot use cryptocurrency, since you need to cash out through your bank account. Maybe that's why this war does not affect the price of the cryptocurrency.