Bitcoin Forum

I've seen Gold market prices rising lately as a result of the current Israel-Hamas conflict. However, Bitcoin hasn't experienced any upsurge in price. It's still hovering around the $26k range. Something similar happened during the Russia-Ukraine war.

Is it because investors still don't trust Bitcoin as a store of value? Or is it something else? Please enlighten me. Your input would be greatly appreciated. Thanks. :)

As of now the price of BTC is $27,750 which is a 1000-dollar hike compared to the last 48 hours if I am not wrong. Comparing gold the price is around 0.5% drop per ounce as per the US market rate so I don't think it affected the gold price in any positive way, to be honest.

In general, people trust gold more than anything so the psychological mindset of people will assume that gold is always the safest but the actual investors know that holding gold over a certain limit is completely useless.

It sounds harsh but it's true, bitcoin is still considered one of the more volatile and high-risk assets. It is still not comparable to gold whether we want to accept that as truth or not. But there's nothing wrong with that because gold has been recognized for thousands of years, while many people have never even heard of bitcoin. So I'm not surprised that people are still looking to gold instead of bitcoin these days. And that doesn't mean bitcoin isn't safe or can't be compared to gold, simply because bitcoin needs more time to be recognized and proven. You should not be too hasty.

If talking about assets that are considered safe havens or stores of value, I would still consider gold to be the most suitable. Bitcoin is still a highly volatile asset so it cannot be called a safe haven or store of value.

Look at bitcoin's market capitalization, it hasn't even reached $1 trillion, it's only 1/20th of gold's market capitalization. That means it can be manipulated and dumped at any time, how can it be called a safe haven? As bitcoin's popularity increases, that will certainly change, but for now, bitcoin is just a volatile investment.

It's not yet time for bitcoin to increase because the crypto market is unique and different from the stock or commodity market.
There may be many reasons why the price of bitcoin has yet to start increasing, but we will not know why.
Maybe people still trust gold over Bitcoin, but what is clear is that there will be a time for Bitcoin to increase and we have to wait for that time to come.
If the price of bitcoin still hasn't been able to increase, we have to be more patient in waiting for it.

Gold price increase taking place during the time of war is common. In simple, gold is much connected with the traditional market whereas bitcoin is not much dependent. Due to the Israel-Hamas conflict, there is geopolitical tension around the world. This have caused demand for gold and the same had increased the price. Even if there happens rise in the price of bitcoin it won't be bullish for the long run. We had experienced similar scenario during the start of the Russia-Ukraine war.

Even now the people who had known about bitcoin is low compared to gold. This is why people during these kind of situations prioritise gold and the same leads to the rise in the price. Bitcoin being highly volatile doesn't attract the users who always wants to be on the safer side. Today the market had experienced a massive rise, but this is kind of fluctuation and not the perfect growth.

Yeah BTC will be rising soon. Well past 30k this month and around 40k by Jan 1.

Much more likely to do that than another method.

My reasoning is the difficulty has risen again this time by 6.47% which is more than 500 million in gear

added on.  Gold is stable for now but you don't know about its future availability.

I.e. are asteroid filled with gold real and mineable:


https://theprint.in/opinion/giant-asteroid-has-gold-worth-700-quintillion-but-it-wont-make-us-richer/260482/

if this is true gold will drop well under 500 usd an oz.

and if it is true silver looks more solid.

Debate about gold and bitcoin still occurs in groups supporting these two types of investment assets. Those who support traditional investments such as gold will not trust bitcoin as the best investment asset because the price fluctuates. They do not believe bitcoin to be a hedge asset other than gold.
In contrast, bitcoin supporters would believe bitcoin is the best asset in hedging.

I might be a believer in both with a positive assessment and I would choose both. If we calculate which one is better, I would say Bitcoin is the best even though gold is also a good investment asset.
For me, gold tends to be stable. Meanwhile, bitcoin is the best long-term investment asset.

I don't think gold rise because of the war, it just a coincidence. Assuming the one who bought are from those countries, how they can carry the gold that heavy during war?

I guess it's because the FED interest rate keep increase [1] and bad economy.

Bitcoin actually is better than gold in terms of flexibility, even your country are in chaos, you can still freely to buy and sell Bitcoin as long as the war isn't happen entire the world.

---

[1] https://tradingeconomics.com/united-states/interest-rate

Well that's not a far fetched prediction because as of time of writing, Bitcoin price is $27,816.78 so it can happen but let's not get our hopes high yet because it could still drop like it has been doing this past weeks. For the case of gold rising during wartimes? I think it's more stable compared to Bitcoin and acts like insurance for investors. Also, during the time of war, the countries involved will need different items like food, bullets and weapons and since gold is an internationally accepted currency, it's price skyrocket.

Gold has a long history as a store of value, and it tends to rise during times of conflict or economic instability because it's seen as a safe haven asset. People turn to gold as a way to preserve their wealth when they're unsure about the future of Bitcoin.

Bitcoin is a relatively new asset class, and its behavior during geopolitical events is still not entirely predictable. While some investors view Bitcoin as "digital gold" and a store of value, it doesn't have the same level of history or widespread adoption as gold.

This is where you have to understand the difference between bitcoin and gold.
Gold is an established standard, plus high liquidity and low volatility.
Bitcoin does not have these properties. Especially in light of some problems with cryptocurrency, namely regulatory restrictions that resulted from the use of cryptocurrencies in various not very good cases, its use and value may be limited. But this is my personal opinion :)

Probably not, but that will come sooner or later. Gold has always been the traditional Store of Value/Safe Haven asset for centuries. We merely can't expect people to trust something new like Bitcoin which has existed only for less than fifteen years, against something that has been in use by human civilization for more than one thousand years.

Plus it's the Central Banks that has been buying Gold. Is that suggesting that a large-scale Regional War is coming? Perhaps. But what's coming during a large-scale war is large-scale BRRRRR-Money-Printing. It's going to be VERY GOOD for Bitcoin. 8)

Update: $29k now.
Looks like the Grayscale Bitcoin Spot ETF is near approval. With the recent news that the SEC won't appeal against Grayscale, more investors are coming in which means the demand also climbing.
About the war, I think it's always the gold that will go up because many investors are still trusting this more than Bitcoin. We are not there yet where they will run to Bitcoin when there is economic distress brought by the war. We cannot take away the traditional belief of many people about trusting more the things that they can physically touch than money on the internet and gold is one of the definitions of that.
Well, I am not against it. When something really bad does happen, I bet many people will trade their goods for gold rather than Bitcoin especially if there's no internet coverage anywhere.

How fast it surged to $29,000, was also how fast it crashed under $29,000. It was a mere pump and dump that started from fake news/false information that was posted everywhere that I-SHARES Spot ETF was already approved today. We haven't seen that kind of surge from fake news since the days of the bull cycle. Hahaha. It's actually very exciting.

https://i.ibb.co/DzXx0fr/image.png
https://twitter.com/BitcoinMagazine/status/1713915538471076007

Regardless of how this happened, there is new news now, if you look at social media, Blackrock has received approval to release their EFT. This is marked by a rapid increase in Bitcoin. For this reason, I don't know if there will be an influence on the war that occurs, but I look at it from the other side, because war interference would be unrealistic for Bitcoin, even though we have seen a lot of fundraising by accepting Bitcoin as an option. Now Ukraine is no longer providing information about the assets they received after getting millions of dollars from donations of Bitcoin and several other altcoins.

The increase in gold that occurred could be caused by other factors that we don't know, in the midst of the conflict what is most needed is emergency funds, medical supplies, food, warm clothes, and clean water. To secure assets or as a suggestion for storing value, I think this condition applies in some areas outside of conflict.

the thing is that, at time of war, people only converting their wealth to other form to preserve the value.
if there's nothing wrong with the usualy fiat, i'm pretty sure they won't move their wealth over to the other form like gold and bitcoin.
it only at time of crises that opportunity arises for bitcoin to gain higher valuation.
so basically, only when people feel that their wealth value gonna plummet that they would resort to invest in either gold or bitcoin, even if its at war condition if the fiat holds up pretty well, no reason to switch over.

I will not rush to check for bitcoin surge because of the war in Israel and Palestine, moreover we didn't get surge expected surge in Ukraine and Russia. And we could be looking at the effect of the war if these two regions are bitcoin unrestricted areas and miners. Gold will not be compared with bitcoin in this light because it is already established and all countries have no restrictions against gold. So, we are going to see how prices will interfer when other friends of those countries start to show their support and influence.

The truth is unconventional, and it's that Bitcoin will rise when "people" stop trying to take credit for its rise. This should enable other people know exactly why it's rising and truth will be established.
I still find it strange how desperately certain people and even the media try to hide the cause of the increase. Maybe they are trying to cover past lies?
Anyway, we always look for the perfect time to get peoples attention to the truth, but even if we choose Saturdays, they will also choose Saturdays to spread some wrong fundamentals (centralized ones especially) or news related to this fundamentals to make things look like they are responsible for causing the price to increase. This is thesame issue we experienced in their world. They behave like very hardened criminals desperate to take credit for everything. What really helps those who deserve the credit are evidence of past records of pasts predictions of the future.
 Hope you now know who is preventing Bitcoin from rising. It's those trying to take the credit (or give others the credit) for price increase. If they can be stopped, it will rise immediately.
One of our countermeasures is to tie the price increase to something they love or cherish, so that if they continue to prevent the price from rising through this behaviors,what they love or cherish will also suffer. We hope to do this morally.

I am surprised that you start a topic like this without checking the facts, and they say the following:

The price of gold in the last 7 days is up an incredible 3.44%, and the price of BTC in the same period is only 2.47% - where do you see any significant difference in this that is worth discussing?


Unfortunately, I don't believe that this is possible considering that you asked similar questions in the past and did not take all the answers into account. It is completely pointless to compare gold and Bitcoin, you should have learned that a long time ago.

Gold gets more valuable because during crisis it becomes more scarce and because it can be accepted almost by everyone because they know that it is and the value it holds. When people fully understand that bitcoins share same quality with gold as being scarce and can still be accepted in every country, Bitcoin will follow the way gold behaves now. Bitcoin is even easier to carry around than gold. Imagine someone that so many gold, It will be difficult to carry in a crisis.

I think that's quite late as the price has risen to $28,200 just now. The day hasn't ended yet but we've been seeing rises as of this day and likely to continue. But it wouldn't be surprising if the day after tomorrow starts to see its correction.

Maybe just something else because despite that we're already many in this community and trusting Bitcoin. There are more people who lack knowledge about it and haven't heard any word about it. And even if many of them have heard already about it, they just don't like Bitcoin because they prefer more the traditional assets that we all know.

Yeah, I just saw it. Damn! Pure manipulation using the news. And because investors are all eyes on Bitcoin waiting for the ETF to be approved they used that to take advantage of them. This is not good, someone or some company should be sued for this. I bet a lot of victims will probably come out to show their support and not let this happen again.
They found a hole, they abused it. If this can keep on happening in the cryptocurrency industry then more investors will just pick Gold instead of Bitcoin and that not going to be great news for all investors whose assets are in Bitcoin. It's scary that just one piece of news can rock the Bitcoin market and yet they are just apologizing for it and maybe fire one of their employees after pinning it to him/her and say it's all okay now. That's absurd.

Bitcoin and gold are a good store of value, but gold is the top-rated in the world when compared to Bitcoin, so if gold is rising now because of the wars happening, then there will also be a day when Bitcoin will also rise more than gold. Maybe, not during a war period. It might be a time when people are rejoicing.

Bitcoin hasn't gained one quarter-half of everybody in the world. But a time will come when Bitcoin will rise more than anything in the stock market, but what I observed is that Bitcoin is not in a hurry to skyrocket more than other products on the market. Now, Bitcoin is a thing that goes through a gradual process. Now that Bitcoin hasn't increased beyond expected, it's also given people more chances to buy and hold until the appropriate time for it to skyrocket.

I don't know if war has anything to do with BTC, which indirectly is when people have a lot of money and they are finding ways to store them in better places, where it would be saved from the war. Of course, Gold is the first priority of everyone then comes BTC. And the war you are talking about is not new, it has been active for many years, only this time, Hamas strikes back with some power, and every country has shown there support to the respective country.

And BTC is going up, and reached $28k. Maybe at the time of creation of this topic, it was not near $28k but now it crosses $28k and now I think it will retest the $27.5k. Well, if War is the reason, then BTC enthusiasts would be praying for war hehe. Well, joke aside, I know wars are no joke.

And investors did trust BTC as a store of value, the thing is, there are less investors of BTC then the gold have. That's why Gold is rising while BTC was not, but now BTC is also rising.

Here's the thing about popularity, gold has been known as a valuable asset for thousands of years, not just now. Although I don't know much about economics, after the war the price of almost everything increases, so it is natural that the price of gold will increase.
In this case, if I talk about Bitcoin, only those who are connected to the Internet in the modern world have an idea about Bitcoin, in this case, it can also be seen that there are many Internet users who don't know about Bitcoin. Then there is the risk, there are many nonsense news channels about Bitcoin as well as many people who spread FUD. I will not say that there is no risk because Bitcoin is a highly volatile coin in which if you invest for long term holding and need funds in emergency period then there is a possibility of facing loss and that is very less in case of gold. So overall everything has an effect here. Still, I think there will come a day in the future when people will prioritize Bitcoin over Gold.

Im not bothered about the asteroid story especially, the logistics will not be profitable so far as I know.   My source for that is the process of mining anywhere is never especially straightforward and it all costs.   When the world has infinite energy gold might not matter then.  Gold price is already lower then it should be is my take considering all the new dollars.   In any case gold is a market with a gait a decade long, China will still want to buy all the gold in ten years without spiking the price so thats really slow.  
  BTC alternatively I think is far more bullish just because its not at all like gold, the supply is not reactive and subject to increase with price or various technologies.    So when we look to predict price strength, BTC being quite level in this area is still bullish even when its boring if its holding high like I consider prices in 20's to be high then its good.   Very hard to predict the spikes and highest prices that happen with BTC but its been ok in its lull and lows.

The thing is world economists set gold as a standard in the economic system which means that everything will be done in the world by comparing it to gold and whenever in the world any dispute or tragedy or disturbances occur in the trading system there is a slight move in the gold price like check the price of gold before Ukraine Russian war and then check it now you will find the difference and in my country, the price is so high as because of inflation in our country. According to my own understanding, the war does not affect the price of bitcoin because bitcoin is a decentralized system that has no relation to these wars, etc so maybe this is the reason for it but I am not sure may be it totally wrong.

Bitcoin has been and remains one of the most high-risk assets. And no matter how many enthusiasts say that bitcoin is gaining momentum and the number of its holders is growing, but people still don't really trust cryptocurrencies. Gold, as before, remains a currency that seems to be ready to preserve the savings of those who invest their money in gold. Therefore, when times are bad, people withdraw money from bitcoin and invest in gold. Perhaps this will change in the future.

In answer to the question in the title, it is certain that the price of Bitcoin will improve compared to the period before the war crisis, unless the Bitcoin market was naturally prosperous before the outbreak of war. The reason for this is due to the increase in people’s need (during war) for a payment system that avoids them using cash, because during crises services decline and making exchanges becomes more difficult as the conflict lasts longer. Also, periods of war are always accompanied by a wave of sanctions that limit the arrival of financial aid through official channels for the country hosting the conflict, then the use of crypto becomes the best available refuge. Of course, the rise in altcoins prices is always accompanied by a recovery in the price of Bitcoin.

Bitcoin doesn’t instantly react to the big events sometimes. Gold only moved 3% or something anyway it is not a big deal. The conflict between Israel and Palestine is still a local one so gold&btc don’t really have a reason to go up yet. If more countries join the war then we will definitely see some big action on btc&gold prices.

Some investors indeed don’t trust bitcoin as a store of value indeed and it is only natural because there are also some investors that don’t trust gold too… Believe it or not there are many big whales who hold zero gold because they see it no more than a shiny rock. Different people have different opinions.

Wars have no direct impact on BTC, but indirectly, they do. Because, when war comes, many people start to find a way to save their funds in a form that could be long-lasting, so many invest in gold, as gold is a good and old way to store the value of money you have. And now BTC is also on the list, which means those who are aware of BTC and know the potential it has.

Those might consider buying BTC instead of gold; in this way, the demand for BTC will increase and supply is already limited, so the price will rise automatically. I hope now you understand how wars affect the price of BTC.

And I really liked your point that gold will be used everywhere even if there is unlimited supply, and we all know that China is the biggest buyer or lover of gold. Then they can buy all the gold if they have enough funds. Other than this, the price of BTC increased, but not because of the war but due to the fake news of ETF approvals.

Unfortunately, cryptocurrencies are volatile due to the fact that they don't yet have a very significant volume in financial markets in today's conditions. This causes many companies and large investors to have the perception that cryptocurrencies can't maintain the value of money because they can't provide stabilization. Although there was an increase in the price of gold and a decrease in the price of Bitcoin in the past days, when we check the last 48 hours we can see that there has been a good increase in the price of Bitcoin. Although this situation doesn't directly indicate that many investors see Bitcoin as a store of value, it does indicate that there was a volume flow to Bitcoin and cryptocurrencies during the war period and that if the cryptocurrency markets develop further, many people, investors and companies will switch to Bitcoin. It states that it can be accepted as a store of value.

I believe that people tend to place more trust in tangible assets they can see and touch and gold the best option for them(although this isn't always true). As a result they often stick with traditional methods of wealth preservation in times of war thinking or only knowing this is the best option. But, this doesn't mean there aren't individuals like us who choose to save and invest in Bitcoin during these times of conflict and even before.

Personally, I would go for Bitcoin as I typically do. This is not only because the same factors affecting gold prices can affect also Bitcoin, but beside that also I have confidence in the long term safety of my assets when stored in Bitcoin, Volatility is always there even in US dollar and Gold.

It is too early. I don't like these comparison between a financial asset that is barely 20years old with other financial assets that is a 100plus year old. The performance of both will be different. They will react differently to different situations and circumstances. Unlike gold and stocks which are centralized Bitcoin is not.

More can be lost when there's misplaced or lost device during the running and hiding when the shooting and shelling starts. The network connection could become disrupted if missiles or bullets affect telecoms stations, thus any access to an online wallet may prove futile.
Good howigas more store value and since the first world war, it had been the medium of exchange for good or services rendered.
People would just trust a decentralized curywhich require data of connectivity to open.

I believe not. Hahaha. Or they will absolutely miss one of the greatest surges of an asset, while they HODL their Gold for a mere 100% profit held in three years. The opportunity costs would simply be too high to ignore Bitcoin.

Plus did you see how it surged because of the false information? What if it was true and real? To illustrate what kind of surge we might see when the ETF is approved, Gold's early ETF was approved during March 28, 2003. Find a Gold chart and zoom it out to the maximum.

 8)

What would an ETF do to Bitcoin's price if approved?

Plus there's the pivot from Quantitative Tightening to Quantitative Easing + BRRRRR-Money-Printing. I believe Bitcoin will surge like the bull cycle of 2015 - 2017.

I think large institutional investors still see Bitcoin as a store of value, with too much short term volatility. They do not want to lock in their investors money and then wait a few years for the Bitcoin price to recover or to reach a new "all-time-high"  ::)

They want something like Gold that are giving them long-term steady growth in the price. On the other hand, some smaller individual investors might want to exit from the "government" controlled ...centralized financial system, during a war.... because those institutions become an ideal target for the enemy. (It is safer to store your wealth on a decentralized Blockchain that are not controlled by any governments)

The people fleeing their country, might also temporarily use "Bitcoin" to store their wealth.... because they know if it is stored in a Bank or on themselves, then it might get confiscated or blocked by their own government. (Bank runs)  So it is better to cross the border, with your wealth stored on the Blockchain.  ;)

Gold is as old as man and has gained more publicity and recognition than Bitcoin. Bitcoin is just a new invention and many people have not heard or understood how it works. An average man on the street knows the worth of gold and sees it as a safe haven in doomsday-like scenarios. But many people are not technologically inclined so they prefer to stay clear from such presumed complicated investments.   


I think gold rose because of the war in Israel-Gaza and this has been confirmed by different economists there was a similar experience during the outbreak of the Russia-Ukraine war. I also assume that inconsistency in the government policies concerning Bitcoin can also be the reason why people prefer gold investment. Almost every government in the world supports gold investment, but this is not the case with Bitcoin 

In times of war, Gold rises, you say but there is a statistics:
World War 1 - 1914/1918
World War 2 - 1939/1945

• Gold price was $18.99 during 1914-1918 years.
• In 1919 it become $19.95 and increased up to $34.85.
• From 1939 to 1945, it went down from $34.42 to $33.85 and then up to $34.71 in 1945.
• Gold' price started rising in 1972-1973 years and went way up. There are many things that have happened that also lead rise of gold's price but I want to bold the fact that it happened post-war, not pre or intra war.
  

You can see chart yourself: Gold Prices (https://www.nma.org/pdf/gold/his_gold_prices.pdf)

This is not world war and Israel/Palestine or Ukraine has never had influence on Bitcoin's price, so, these wars rarely affect Bitcoin's price. Usually, in times of war, people only care to survive and no one has time to invest. Investment happens post-war.

The US dollar value also goes up in times of war and Bitcoin is mostly valued in US dollars. Don't ask me why the US dollar value goes up.
We live in a crazy world and nothing makes sense anymore.  >:( The laws of finance and economics are about to be thrown at the garbage.
Bitcoin is too volatile to be seen as a "safe heaven" asset like gold. I don't think that the Isreal-Hamas conflict will have such a big impact over the prices of all commodities and financial assets. There was a short term impact in the oil price, but it's over.
There will be an impact, if the conflict escalates and Iran blocks the Persian gulf, but I don't think that Iran really wants such escalation.

I doubt Gold will lose value quickly, especially when it's been trusted by investors for centuries. I know the discovery of an asteroid with Gold in it increases the supply. But that doesn't mean its value will go down overnight. The only way this could happen is if BTC becomes the world's preferred store of value. It could take decades before we're able to witness such a change.

I'm fine with BTC just the way it is, as long as it doesn't sacrifice decentralization in the long run. Knowing that the supply of BTC is limited, there's a high chance the cryptocurrency will reach a new ATH in the future. With or without market momentum, don't expect Bitcoin to go anywhere soon. Just my two sats. ;)

We’ll have to wait & see, I don’t believe we are truly seeing the effects of both wars on the rest of the world currently. Heating gas & oil prices are up a fair bit since before the Ukraine war but I don’t think much else has affected the rest of us yet, maybe grain import prices too. Hopefully things don’t escalate too much because the last thing we all need is a full blown WW3. As for bitcoin it will do fine, we are coming towards a time where historically it performs very well for a couple of years.

If we think that other large quantities of gold can be found on Earth or on other planets and cause the value of gold to decrease. We should also not rule out the possibility that bitcoin will be decrypted in the future, there may be some algorithm or technology that breaks the blockchain...something like that. Our world is developing extremely fast and anything can happen. Bitcoin has been unbreakable for the past 14 years but there is no guarantee it won't be broken in the future, similar to gold.

Bitcoin is convenient and has more convenient characteristics for speculative investors and manipulators. Therefore, it too has its audience. Bitcoin cannot be "discounted", nor can it be considered a very stable means of saving or accumulation. At least it is not for the mass consumer/investor, especially not ready to play for a long time.

Bitcoin and Gold are different classes of assets. Bitcoin might not fluctuate in times of war. Bitcoin will pump in the coming months, and the price will go past $30k. On the other hand, Gold is stable at the moment with slight fluctuations in the price. 
Bitcoin still has a long way to go to replace Gold and gain the trust of investors in crunch situations. In future, we will see Bitcoin adoption reach its peak, and Bitcoin will be used as a store of value along with gold.

I guess Bitcoin is still new to the world. Investors trust Gold because it has been around for centuries. I think we should give Bitcoin more time to see what happens. I'm certain the world will adopt BTC as the new store of value because of the benefits it provides. Volatility aside, Bitcoin is better than Gold because it's portable, decentralized, and highly-divisible. It should only be a matter of time before people recognize this.

I'm in no hurry to see Bitcoin going all the way to "Mars" as long as it does the job it's supposed to (bringing banking to the unbanked). If it doesn't sacrifice decentralization in the long run, it could last a lifetime. Maybe Bitcoin and Gold will co-exist for generations? ;D

"Silver wins battles , Gold wins wars " and Bitcoin wins in both of them so the current rise of Bitcoin is no coincidence and in my opinion we slowly transit towards bull run. Will it get a big spike in price until the last year ? I doubt that , however , I won't be surprised to see price above 33k by the end of the year.  8)

You're comparing Bitcoin to gold, but why? You are aware of their distinctions from one another. We are also aware of Bitcoin's advantage over gold. Therefore, I don't think it means that more people are investing in gold and that no one wants to buy Bitcoin; it's not like that.

Is Bitcoin not trusted at all? For more than ten years, Bitcoin has been operating in that manner. The fact that the investors no longer want Bitcoin indicates that they did not invest in gold. That's also not the case. They are investors because there are still people who want to invest in things like gold, bitcoin, and other cryptocurrencies, right? You're aware that it must be.

If a war occurs then gold and bitcoin will be a good store of value for us and the price of bitcoin will not be affected by the war that occurs. We can see with the two wars that have occurred recently, Ukraine vs Russia and Israel vs Hamas, but the price of Bitcoin has not fallen, instead it is now rising. Even if a third world war occurs, cryptocurrency technology will eventually survive and replace gold and cash after the war, blockchain technology is superior.

Additionally, in case of war, carrying gold is very heavy during war and carrying a ledger (digital wallet) can be put in your pocket and protected. I don't see how difficult it is to choose. The internet and electricity can always be reopened once everything is settled and the store of value will always remain on the blockchain until transferred.

I'm not sure why this didn't happen unlike in 2020 when US and Iran had a clash when the US drone kill one of the Iranian most wanted soldier in their list and then all of sudden, we experienced rise in gold and some US stock but collapse when the two parties came to peace. However, I noticed that during the recent wars especially Rus-Ukr and Isreal and Hamas, there are speculations of some organizations usually sponsoring war and taking sides using bitcoin and when United nations or US find out, the address are flagged and if deposited into bitcoin, they are sieze, maybe that's few of the reason bitcoin don't pump because chain analysis thinks bitcoin some people used bitcoin for wars.

I don't understand why Gold price should rice now with Hamas and Isreal, not like they are gold rich countries, it was reported some days that Isreal currency has crash to new low against dollar, I think something isn't adding up with the pumps we have seen in gold or could also be a coincidence, there is another market force that led to the increase.


1% change in traditional market is something they celebrate because the volatility is low over there. That's how they celebrate. However, many traders in there do margins with borrow funds, a 10x with 1% will print some profits or some loss.

Or you can instead say that gold is older than in Bitcoin. But, BTC isn't a new invention because it existed I think for 14 years already. Many people already know and use it but maybe many of them are still not involved with it for different reasons. If those average people on the street also know Bitcoin, I'm sure they will now prefer it more than gold, for the fact that BTC is digital.

Even though they panic and their house got destroyed, they still can access their BTC later on but this may not always be the case with the gold because they are too bulky. Gold can rise and so as Bitcoin. In fact, BTC despite being newer than it, it value already surpassed it. And there are still more to come with it later on.

Gold hardly significantly rises in times of war. The surge did not beat energy, oil, and cybersecurity stocks, so it is way more lucrative than gold. Also, war/weapon-related manufacturing certainly rises. So if the conflict does not happen globally those things are certainly correlated to the prices and affect significantly.

And there is hardly a correlation with bitcoin as a value, especially when we talking about war. It is not people did not trust bitcoin, it is not gold is better. But rather simply there is not any direct correlation.

Basically, when there is a war, bitcoin gold will be the best store of value for the future. Because these two assets will not be affected when the war occurs, and these two assets will continue to increase in price. It's true that gold is older than bitcoin, but bitcoin is the future of technology. We cannot withstand technological developments that continue to develop rapidly.


In a war situation, especially if you are in a war-torn country, Bitcoin is the main choice rather than gold. Because gold storage is too heavy to carry everywhere and bitcoin storage only requires carrying a wallet seed phrase. Storing bitcoin is easier and safer than gold.

Yup. Regular investors don't have the reason to, and so they don't trust bitcoin just yet. Gold on the other hand is so trustworthy some people would rather get paid in gold than in fiat even. As for everything else, I don't think the war had much effect on the value of Gold, although historically speaking if this carries on for longer we might see some noticeable effects (I wouldn't stick around to find out tho lol). Bitcoin's a little precarious right now as it just suffered from one of the most devastating price losses last year, and is pretty much just gaining momentum once again to proceed with the upcoming bull run. So it all makes sense for bitcoin to remain stagnant for now (it's not connected to the world economy after all), and for gold to get some gaining although barely noticeable.

Gold has a very long track record of being a "flight to safety" type asset when people want to get out of the stock market if they fear a crash. Wars can start a crash and we are in a bit of a volatile moment at the moment, but it can quickly reverse course to be averted - we know that Israel and Palestine are at "war" but it seems very localized right now. If oil prices do go haywire due to conflict in the middle east, it's possible you'll see a small bump in alternative assets, but Bitcoin has at times tracked the stock market, so it too could be a victim of people wanting to cash out and store money in more accessible - offline - places. The longer crypto sticks around the more historical data points we'll have to go on in future.

Yes,  Not only has Gold risen or benefited in times of war but we have also seen Bitcoin rise as a result of war due to fear of uncertainty, Though Bitcoin has only spent a decade plus, and we haven't had a major war event like that of the Russian invasion of Ukraine where we see Bitcoin play a major role in term of acting as an avenue for Donation of funds to the affected country, and Countries like Russia using it to escape sanctions and thereby making people see more need to bank on Bitcoin and which increases demand.

I had to qoute your entire op because I basically don't know how best to say this, but I think people already believe so much in gold either digital gold or physical gold and this is because gold had already proven itself long before now unlike Bitcoin or cryptocurrency which is still new in the market and highly volatile but I had to go check gold out and it seems the rise wasn't really significant and bitcoin  has a lot of factors that determine its rise and fall and bitcoin  can either rise or fall with or without war.

Wars are expensive and since many countries keep a gold reserve for foreign exchange and are likely to spend it during a protracted war we could say the opposite that the war will lead to the selling of gold to fund the war.   Gold in supply greater then usual should lead to a lower price most likely though its also arguable that gold being used so heavily as cash at that time reinforces its usage and validity long term.  It will be ironic but the lead up to war could be when gold value rises.
  China had no gold in its national reserves at this century start and has been buying ever since to gain this advantage, will they then be ready to wage war when they feel enough gold is held ready to spend.  Again I think BTC will do best when used not stored.

Gold is an asset which has been with the humankind since time immemorial, and its value is of no question.
Thus, we can't discard the fact that it is still one of the reliable assets that people want to hold given circumstances.
Bitcoin, is different as it is a digital asset and a very volatile one up until now.
If you are not a risk taker, you won't involved yourself in this market, you will prefer the tangible ones like gold.

Yeah, I think there is still that part that many investors are not yet trusting Bitcoin, at least to the extent that they could trust gold. And I think that's completely understandable. Gold has been of value since time immemorial. Bitcoin's résumé may not be as impressive, especially to those traditional investors. But as per gold and Bitcoin's features, in times of war, Bitcoin is probably more advantageous.

Another reason perhaps is that Bitcoin's price is moving according to certain factors aside from the world's conflicts. Although such conflicts may play a role in Bitcoin's price, there could be more influential factors such as the upcoming halving in April next year or the repeated postponement of the SEC's decision on the applications of a Bitcoin spot ETF in the US.

Gold has physical form that was investor like, while bitcoin is still need the internet and electromagnetic.

so if the war still continues and gets worse, such as the nuclear war, Bitcoin will be useless and hard to use for transactions because nuclear radiation makes the internet and electromagnetic shut down. Investor know that, the nuclear war create the armageddon that make all internet network is extinct. So when they keep and buy gold, it could help them if that happens.

So, now, just thinking to do not making the nuclear war happen, let's make the peace world if we still love bitcoin.

Stop the war, or if we want the nuclear war, we must think about how to make the network still live even after the internet shutdown.

You can't analyze markets like this, specially from a very narrow point of view. For example if you zoom out from the charts you can see that Gold price is only recovering from a big dump last month. In other words the current gold price is not new, it is what we had in last week of September.

When analyzing bitcoin there is also a lot of things to consider. For example bitcoin's market is a lot more manipulated than gold's. So obviously you can't expect same behavior. The rise is clearly being suppressed these days despite market's readiness for rallying.

As for war time, it is not yet war time! Despite the extreme brutality of the Israeli terrorists, this is a very localized war in a very small region. So unless it expands and gets a couple of countries involved you can't call it "war time".
So the world is still being affected by the very high interest rate that is literally sweeping all the capital from other markets into the shitty bonds governments are selling because that is more profitable. Unless interest rates are dropped we may not see any major rallies in either gold or bitcoin markets.

Exactly,
If you're not a risk taker you shouldn't  get involved with bitcoin but I always tell people that the peace of mind with it pin comes when you can afford a while fraction of bitcoin which is owning one full bitcoin, because as a believer, ive always wish I can afford one bitcoin  and just be at peace because as long as bitvoin doesn't fall to zero, you're still in business and now imagine buying one bitcoin at the current market price and letting it grow to an an all time new price, that's cool profit without stress.

I've also been on the opinion  not to compare bitcoin, gold or even land and I once compared land and bitcoin but frankly, if I have my way, I would hold them all.

If you look at the current situation, it turns out - war is not the catalyst for bitcoin's rise....  There is no direct correlation between the Bitcoin rate and the beginning of Russia's terrorist war against Ukraine and economic terror against the EU in 2021-2022. Just as there is no discernible dependence of the Bitcoin rate on the Hamas terrorist attack on Israel and the rising tensions in the Middle East. The only thing that "undermined" the rate is the fake news about BlackRock.
It seems to me that in critical times people will prefer more liquid and more classic assets, especially against the background of unclear situation with cryptocurrencies in general

Any nuclear war scenario will lead to irreversible consequences, and it seems to me that people will be of little interest in gold and Bitcoin. But even in this case, it will be extremely difficult to destroy the entire Bitcoin network, unless there are cataclysms on a global scale, which will change a person’s values, since he will have to think about surviving and finding food. I hope this never happens because everyone needs to understand the consequences of these decisions.

Gold is a safe haven asset, so investors use it during difficult times. Bitcoin is still too young and has a lot of challenges to go through before it will be accepted in the same way as gold.

Tho fake news add another complexity to understand crypto’s behavior during global events, I doubt it too that war directly affects it. If you are part of the victims of the war and everything feels uncertain, you would prefer something stable tather than bitcoin I think. People tend to lean towards more traditional assets during uncertain times like gold, real estate, or government bonds because they consider it safer and their value is more predictable. Cryptocurrencies on the other hand are highly volatile and riskier in such situations. It's all about finding stability amidst the chaos

Bitcoin is highly volatile which doesn't make it a good choice for someone who needs to choose a quick store of their wealth. If your country is at war with another, the first thing you would think about is choosing an asset that is quite stable and wouldn't let your wealth lose a lot of value no matter how much time it takes you to withdraw it from there, and Gold is probably the first thing one would think of because of its stable nature and slow growth rate with no much drop in value over time.

It also can be because a lot of people might not know about Bitcoin in places where the war is going on, and gold is way more popular than Bitcoin, all around the globe, so people think of buying Gold with their wealth when they need an investment asset to save their money from devaluing for any reason.

I would say that both gold and bitcoin are considered different types of investment. Though Bitcoin has more advantages in terms of transparency and volatility and when it comes to value, gold only appreciates its price as time goes by. Bitcoin, as a digital currency commonly referred to as digital gold, has a higher potential for growth but the value is uncertain and everyone is aware of that. You're right that we don't need to compare the BTC to gold as they have differentiation and if you're holding BTC, just hold it and wait till the value appreciates. In the end, Risk takers and investors probably would like to have both as long-term investments.

Don't compare Bitcoin to gold because they have different backbone, just because the price of gold is rising doesn't mean that Bitcoin should too.

But if you're being hopeless because of that scenario, then let's compare. Why gold price doesn't increase that much compare the Bitcoin when it exist for a long time already unlike for Bitcoin which only started way back in 2009, correct me if I'm wrong. Gold is too old fashioned for me, hard to store, prone to thieves, etc.

Is there a need for us to compare the worth of bitcoin with gold, they are two different investment assets, gold is a physical asset while bitcoin a digital one, this alone makes a big difference in comparing them together, bitcoin is decentralized whereas gold has always been centralized, they both have a unique characteristics when it comes to their usefulness in making an investment but what determines their rise is quite different from each other, since most of us are not really into doing gold investment, we may only know about bitcoin which it's demands and supplies determines it's market value.

Gold investors never compare these two assets but bitcoin investors love to compare them because they consider gold to be a very valuable asset and if comparing bitcoin, bitcoin is superior to gold then bitcoin will be the best asset in the world. Bitcoin investors are trying to prove themselves right when choosing a top asset.

If you look at the capitalization of both, you will understand why the price of gold does not increase too much and no longer brings us big profits. Yes, gold is outdated but it is still the asset that most people and countries will turn to if there is a crisis, war or inflation. That alone is enough to prove the role of gold in the world.

Is it correct to say that gold is centralized because mining it is extremely difficult, and it is not concentrated in one place but scattered all over our earth? So I wouldn't consider gold a centralized asset, but it has been proven and recognized as a valuable asset, so the majority of the world's gold is already held by governments. But that's like bitcoin, the majority of bitcoin is being held by institutions, sharks. So if you think gold is centralized then bitcoin is also on its way to becoming a centralized asset because institutions are holding a lot of bitcoin.

During war of course many commodities skyrocket such as gold, foodstuffs, war equipment and others, of course during war the production, distribution and agricultural processes are disrupted, causing prices to skyrocket, of course this is different from bitcoin and cryptocurrencies, most people will do safe things, for example saving or divert to low-risk types of investments.

But since we know max supply of Bitcoin and we can track how many people are hold Bitcoin (https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html), we can know the Bitcoin's condition. Although there are few address contain a lot Bitcoins, but the majority of address are around 0.00001-0.1 BTC, this mean Bitcoin is decentralized.

While gold we don't have a clue how much the max supply and the comparation of whales vs Average Joe.

Bitcoin market is quite new compared to Gold market which has been around for so many decades. There are no comparison between gold and Bitcoin. They are both the best option in their own way. The war could have some impact on the market, but that won't be much. Because only two countries are fighting, and the whole world is still the same. And I don't think the majority of the population of those two countries are involved with Bitcoin. So in the time of crisis, people won't see that much market movement due to not enough people contributing to the market.

If you include war into Bitcoin market then that should be sentimental. And sentimental market movements happen a lot, but the effect does not stay for a longer period of time. If you take that into account then I don't think Bitcoin will see major movements in the market due to the war. Even if the market rises now that could be because of the upcoming between halving.

People still doesn't see Bitcoin as the best store of value just because of the volatile nature of the Bitcoin market. Most people are afraid to lose their money. And I am not against them. You should only invest what you can afford to lose. So if people choose Bitcoin as the store of value then they will have to put money that they are not yet ready to lose. I guess that's the case.

Don't be afraid with bitcoin price will drop after Israel-Hamas conflict because we are facing the same position when Russia invasion to  Ukraine almost one year but bitcoin keep stable and not get drop with Russia-Ukraine conflict. For many people more interested with gold investment than bitcoin depend on their mindset and lack knowledge with bitcoin how potential in the future with price increasing up, I have experienced with gold investment keep secure but can't earn huge profitable than bitcoin investment.

I think have era with Israel-Hamas conflict ended and there are not war invasion yet, keep focus accumulate or invest in bitcoin during still in lower price and have beneficial in the future when raising to higher price.

First off, do you have any data to back up the claim that "in times of war, gold rises"?  I"m sure that true to some extent, but I'm not sure how true it is overall (meaning for all wars over the course of time). 

Also bitcoin is in fact rising as we speak, and has been for the past couple days.  I don't think it has much to do with the store of value aspect, people simply panic during times of war fearing the worlds economies will take a massive hit, and in return people tend to sell off any sort of asset, whether thats gold, bitcoin, stocks or bonds. 

I'm just not sure there's a correlation here.

Yes, we don't know the final supply of gold but it has been mined for thousands of years and is still in short supply and gold is used in many different fields. Therefore, it can be said that the demand for gold is very large compared to the amount of gold circulating in the market.

We have been mining for thousands of years but there is still not enough demand for everyone, you can see how big the demand for gold is. Although bitcoin has a very small supply, whether its demand can surpass that of gold is difficult to say. Supply is important but it also depends on demand to assess the value of an asset.

These goods only increase in areas where there is war, whereas in many areas that are still quite safe there will be no sudden increase in the price of goods by a significant amount. So you cannot generalize the prices of all goods in all regions of the world, unless all countries are hit by a major war and there are not enough goods to use because the production that can be carried out by companies and factories is limited. Meanwhile, most cryptocurrencies skyrocket due to good moments and news about them so they will not be affected by wars occurring in certain regions, unless all countries are at war so investors have difficulty accessing the cryptocurrency market.

The war between Israel and Hamas doesn't have much impact on bitcoin or the cryptocurrency market, but what about the war between Russia and Ukraine? I remember that when the war between two countries broke out, most financial markets were dumped and bitcoin was no exception. So, I will disagree with you saying that the cryptocurrency market will not be affected by a war in a region or between several countries.

Another thing we should not deny is that when these two wars happened, the price of gold both increased, this shows the importance of gold to the world but this has never happened with bitcoin.

You see, you understand perfectly well that cryptocurrency, which has no real value, cannot be a means of solving the problems of preserving one’s “accumulations” in a situation like war. Plus it also carries the risk of losing access to your data/wallets. Therefore, people in a critical situation do not invest their savings in them, and there are a thousand explanations for this. Therefore, the “emergency backpack” will most likely contain cash dollars and euros, possibly gold, but not a laptop with bitcoins (exaggerated). Now, for this topic, the problem is different - to maintain and not lose access to your crypto savings, and this is a completely different topic :)

I'm sure Bitcoin will reach a new ATH soon. The upcoming halving event, and companies buying like crazy (Blackrock, Fidelity, Microstrategy) will help BTC cross the $30k range faster than you could imagine. You can buy BTC at a huge discount and sell it for a profit once the market pumps again. Gold rises during times of war, but it doesn't experience high gains as Bitcoin does. It remains relatively stagnant for long periods of time.

When you invest in Gold it's to help preserve your capital/purchasing power. Not to get richer over time. By leveraging between the two assets (Bitcoin and Gold), you'll be able to achieve peace of mind. These are uncertain times we're living into, so expect the unexpected. Just my thoughts ;D

But when the war is certainly bitcoin it will be constrained to its bull market, because usually the war will make many assets fluctuate due to the shifting macroeconomic impact making it difficult to find global economic stability, and bitcoin which is a very volatile asset will definitely be greatly affected by it, many people will panic and throw their bitcoin into the market, as we see that when Russian aggression against Ukraine it has a significant impact on the market.

Gold is one of the alternative assets to withstand the unclear economy, and it is certainly good in that situation, because gold will maintain the value of your money, but then talking about bitcoin after the economy returns to normal rotation, bitcoin will move better and can make you get a better position than holding gold, the issue of halving and bitcoin ETFs that are of concern to holders will certainly drive bitcoin to get crazy adoption and I also strongly believe that bitcoin will get a new ATH in this cycle, although these times are uncertain if seen from the global situation towards bitcoin, but I am also quite confident that later this year bitcoin can be more than $35k.8)

I do not agree. When a war occurs, all countries will be affected, especially if the country at war is the country that produces the most natural products, such as Russia's war against Ukraine. Basic materials in several countries are increasing. War will cause a very serious economic, energy and inflation crisis, war can occur between countries or within countries. We can take this as an example in the 90s during WW1 and WW2 which occurred almost all over the world.

Of course, the things that save your assets when a war occurs are gold and bitcoin because these two assets are able to protect our assets from inflation due to war.

The majority of countries in the world use gold as a protector of their economic strength and also their country's currency, so when war occurs the price of gold will rise, there was even news circulating a few weeks ago that Russia and China were again stocking gold in large quantities in anticipation of war in several countries is getting hotter. it's not 1 or 2 times that a strong country buys a lot of gold as their savings reserves, apart from Russia and China there are several other countries such as India which reportedly continue to buy gold periodically.

Up to this point, gold and jewellery holds more validity when compared to BTC, although Bitcoin has witnessed rallies during times like the COVID pandemic or certain war-related events. However, these surges may be attributed to the effects of volatility. Gold has proven to be more stable "for the time being." The world still places its trust in gold as a hedge of value, possibly owing to its more mature age compared to Bitcoin. As long as Bitcoin has not achieved widespread adoption and remains vulnerable to manipulation, it cannot rival gold.

https://www.talkimg.com/images/2023/10/21/TAI2c.jpeg

In terms of features, it's clear that Bitcoin surpasses gold. Transferring an equivalent of $10 million in wealth is undoubtedly easier using BTC compared to gold. Yet, the traditional mindset of past generations persists: "Visible assets are the valid assets." We are still awaiting the moment when Bitcoin is universally recognized by nations as a more valuable asset one day.

I mean not technically but also yeah give or take. We know how many address we have, not exactly how many people, because we do not know exactly how many people hold many address, so it is impossible to know the exact number. But if we check the number of people who gave their KYC to get bitcoin or any other coin, then we could basically come up with a number, which not everyone would do but it is still something at least.

All in all there are a lot of people who are investing into bitcoin, that much is known and there is nothing to argue about that, it is going to be something that will matter without a doubt and should be something that we could get better at, it could definitely be something that should benefit us all.

In terms of popularity, gold is indeed superior to bitcoin, because it is clear that gold existed much earlier than bitcoin. So gold is indeed an asset that is familiar to most people. Because gold is widely used as jewelry by most people and can also be used for other things. For example, it can be used as material for making electronic devices, and some are even used for medicine and food. Therefore, the majority of people still use gold as a store of value asset. However, currently bitcoin is also experiencing a very significant price increase. As I write this, Bitcoin has touched $29.7k. So it can be said that Bitcoin is still experiencing a significant price increase. Because if you look at the conflict between Israel and Palestine (hamas). Indeed, I don't think the impact on Bitcoin is too big. The reason is, countries that border Israel or Palestine are not countries that have many crypto (bitcoin) users. So you can be sure that people in countries close to Israel or Palestine will definitely look for assets that can secure their wealth, and gold is the choice. That's why the price of gold rose after the Israel and Palestine (Hamas) incident occurred.

For something as established and well-trusted as Gold, it's going to take quite a long time before people switch to Bitcoin as an alternative store of value. Mainly, the new generations will adopt it quickly. We can see the world is slowly shifting away from the Fiat standard as countries open their doors to crypto/Blockchain innovation. El Salvador was the first country to adopt BTC as legal tender with many more to follow soon. Once Bitcoin becomes a part of our lives, many people will trust it during uncertain times. This could take decades before it becomes a reality.

I have no hurry to see BTC reach a new ATH, as long as it works as intended. With spot ETFs on the verge of being approved, as well as subsequent block reward halvings, you can bet BTC will become more valuable over time. You just need to be patient. Maybe Bitcoin will get to live alongside Gold for generations? ;)

Does the war really make any difference to the price of bitcoin going up and down?
Currently the war between Russia and Ukraine is going on as well as the war between Israel and Hamas is getting serious but now we see the Bitcoin market hovering between $34K and $35K. Bitcoin price has changed so much in a matter of days. As the market is changing positively the market is supposed to go higher but here no effect of the war worked. The value of Bitcoin depends on the investment. Right now if you sell a lot of bitcoins you will see the price of bitcoins going down again and when you buy a lot of bitcoins you will see the market of bitcoins going up. 
So I don't think any effect of Bitcoin price change due to war works.

Indeed, in 2023, gold will experience an increase globally, which can be felt in Asia, but if you look at there are a number of factors that cause the price of gold to rise, maybe as the OP said, maybe.

However, looking at the factors of recession, war, crisis and including politics, it can also influence the dynamic surge in gold recently. On the other hand, the recent development of the crypto market is also not like what we have seen in previous years, there was turmoil. war, including Bitcoin, the increase is not that drastic, it's slow, whether investors believe in gold more than crypto, maybe they think gold is safer, but I'm sure the crypto market will improve in the future.

The true purpose of Bitcoin, as originally envisioned by Satoshi Nakamoto in the Whitepaper, is to serve as a digital means of peer-to-peer transactions, much like traditional currency. However, it's important to acknowledge that various countries have different regulations, which may lead some users to view Bitcoin as a store of value rather than a pure transactional tool.

Connecting the younger generation with Bitcoin is a fascinating endeavor. We all live in an era of rapid technological advancement. Even in my country, the youth tend to perceive cryptocurrencies as assets and savings, a perspective distinct from that of most older generations. In my opinion, the younger generation holds significant potential to embrace Bitcoin as an alternative savings option, potentially supplanting traditional assets like gold. The key to this adoption currently lies in the availability of ETFs.

War will not affect bitcoin because bitcoin is not controlled by anyone it is decentralized. Bitcoin price is primarily influenced by its supply market demand availability competing cryptocurrencies and investor sentiment. But it is possible that the price of gold will rise but if the economy suffers the effect of war will be on gold. It is like fiat currency that the government can control cryptocurrency prices are soaring in a war market where all financial aspects are falling. Bitcoin is appreciated all over the world the price of this cryptocurrency has increased tremendously.

Bitcoin's limited supply and deflationary mechanism makes it more suitable as a store of value than digital cash. With rising fees and slow confirmation times, don't expect things to change anytime soon. While that is a fact, people seem to trust Gold more than Bitcoin because of its established presence in the mainstream world. It's no secret that Gold's market cap is a lot higher than Bitcoin's. When times of crisis come, Gold is usually in the "green zone". In Bitcoin, it varies depending on current market sentiment. Sometimes it goes up, while in others it goes down or remains stagnant.

It's only been 14 years since BTC's inception, so I'd give it more time to see what happens. Who knows if BTC grows as big as Gold someday in the future? ;D

The question op should be answering is; what would people in war be needing gold for while their lives is at stake of imminent destruction from an on going war? Those that have it would rather be selling cheap or exchanging it for food to eat for survive while the war last.

Is gold being used in the manufacturing of weapons of mass destruction that the demand for it should rise in times of war? Or is op just been speculative maybe based on a coincidence of gold price rise within the period of the lsreal-Hamas fighting.

Using the case of the Russia-Ukraine war that have lasted over 12 months now did the price of gold in the EU countries and other part of the world increased due to the war? These are just my troubling questions I would love to get a reply from regarding his post if op don't mind.

Bitcoin has less history behind it than some other commodities like gold, which means it will naturally have accrued less trust than owning gold. The longer is sticks around without problem, the more likely it is to be used by people as a store of value - however gold still has many hundreds of years of reassurance behind it. If you wish to change this, then you should continue holding and buying more bitcoin throughout the darkest economic periods, however you might find most people find more reassurance in different forms of fiat cash and the savings rates paid out by banks because of it. Bitcoin has historically faced many peaks and troughs, but is grinding its way upwards again.

War can have an impact on the price of bitcoin because when there is war, there is a rush to sell bitcoin, especially if the violence impacts some developing countries with a high proportion of bitcoin investors. If investors lose their physical valuable assets as a result of the war and are in need of money, they will consider selling bitcoin to meet their needs, and once investors with a large number of bitcoins start selling as a result of the war, many weak investors around the world will follow because they lack the patience to hold.

If you look at the price of bitcoin in the last few days, the impact of the increase in bitcoin from the gold percentage is much greater and although it could only be temporary. Maybe I responded a few days after you made your post, but this is in line with the increase that occurred in gold in the conditions of tension between Israel and Hamas.

In general there are still many investors who do not use bitcoin as a store of value because bitcoin is still considered quite volatile and the influence of other things is one of the reasons why they do not believe in bitcoin as an asset capable of storing value. War affects financial stability and people tend not to think about investments for those affected by the war and especially investors who are in the country.

But this is not a strong reason because maybe we will see the impact of recession and inflation due to Covid-19 which causes Bitcoin to reach ATH. So no one is able to provide a strong reference regarding this incident and perhaps the supply and demand process is something that is often linked.

Welll said, combining both gold and bitcoin investment together will yield a perfect result, even though they both exist in different forms, bitcoin is a digital decentralized currency and asset while gold a physical asset under a centralized institutions, there's no doubt that bitcoin can out smart gold in terms of profitability over time when bitcoin experience a new all time high and it value keep increasing unlike told that merely move from one spot to another over a very long time

I've noticed that Gold often rises during times of war. This is all speculation, of course. I have no basis to sustain my claims. It's just that I've seen the majority focusing on Gold during uncertain times, leaving BTC behind in the dust. The only ones who are investing into BTC right now are big investment companies and a few individuals (mainly whales) who know their way around the crypto market.

I guess it's too early for Bitcoin to be trusted as an alternative store of value. This might change within 1-2 decades from now, though. The future is unpredictable, so we should expect the unexpected. ;)

I do not see why Bitcoin would not be a good hedge against war. In fact, I think that unless the internet itself is compromised in every country in the world at the same time during some apocalyptic world war 3 event or something, Bitcoin will be completely fine. But it is important to diversify, just in case. Every time the news is bad, we see a short term Bitcoin drop. And if that bad news is connected to Bitcoin or cryptocurrency in general, then the price dumps even harder. But in the long term, we should take a look at whether or not the wars have had less long term impact for Bitcoin than for say, stocks or gold.

Bitcoin made a huge jump in price recently, so maybe it was just following a few weeks behind the Israel war and the jump in gold price. But looking at the gold price for the last 3 years I don't really see any big movement. Especially during the covid pandemic or the Ukraine - Russia war there was no real movement with Gold. Maybe the price for Gold is already way to high and investors are not willing to pay much more than 2,000 USD. For a real price change to reward investors for the last 1.5 years Gold would need to jump at least 20% up to 2,400. In the past people always looked at Gold as the perfect asset to protect their money from a crisis, and it's true that it didn't drop in price during the last few crises. However, taking the 10+% inflation into consideration a gold price that is not changing means we are still losing value of our assets as we can't buy the same goods we could buy a few years ago with it.  To me Bitcoin seems a much better protection against a crisis, just look at the big price gains in the last 1.5 years.

I think the recent pump has to do more with the rumored spot ETF approval by the SEC. Nothing has been confirmed yet, but you know how it is in crypto land. One thing for sure is that the war didn't have a positive effect over Bitcoin's price. Maybe because it's still too early for Bitcoin? Gold has been trusted by many for years, so it's the first store of value people choose to protect themselves against an unprecedented crisis.

We should wait at least a decade for Bitcoin to mature. At least, it's doing better than traditional stocks and bonds. I've read somewhere that Bitcoin is the best-performing asset of 2023. With the upcoming halving event, BTC will become scarcer than ever (which means higher prices over time). Who knows if it goes as far as replacing Gold someday? Just my opinion :)

 We have seen how bitcoin has severally proven itself, with the recent increase in its price it’s shows that it can stand the test of what ever crisis the government may try to bring. Bitcoin is not under the entity of the government that is why it makes it own movement. Despite government trying so hard to suppress Bitcoin it continues to prove its self to us. Some people may think bitcoin price will reduce because of the war going on in Israel but the reverse was this case.
  Bitcoin will always be a good asset to own, gold is a good investment tho, but give Bitcoin 10years we will see it in its glory. Gold doesn’t depreciate like other asset which make its a valuable asset, personally if I have the enough capital to buy both asset I won’t hesitate to buy,  war may even bring more impact to gold because most investors will want to move to it for safe haven since there’s is tendency that most stock will be at lost during war. Like u said gold doesn’t depreciate makes it a good asset to have.

I think I know where to draw the line when it comes to what event should affect the price of bitcoin and it's war, as much as there's definitely an effect on it, I think that it's such a depraved and evil of us to even be remotely happy or something jovial about the war affecting the prices, I'm better off with my morals intact to say the least. Also, what's the justification of waiting for bitcoin for another decade to mature? Isn't bitcoin almost 14 years old already? I think bitcoin's mature enough already as you've already said, it's better performing when it comes to investment already so I think that it's mature enough.

Bitcoin is only a "teenager". A decade from now would make it "an adult". Despite the ever-rising popularity of the cryptocurrency, there are still many places in the world that are quite distant from Bitcoin (either because of the lack of education/awareness or limited Internet access). We should wait a little longer before this problem is solved.

Besides, it's yet the day where Bitcoin doesn't have a spot ETF. Gold does and it's "booming" like never before. I'd imagine the impact such an ETF would have over Bitcoin's price. It's likely Bitcoin will surpass Gold's market cap for the first time in history. The future can't be predicted, so lets hope for the best. ;)

14, 15 years is a long way compared to a human's lifespan, but compared to gold's thousand-year lifespan, bitcoin is even more like a newborn. So it is obvious that it cannot achieve great achievements like gold, we should not make such comparisons, it will be quite disadvantageous for bitcoin.

Yes, I believe that ETF will have a strong impact on bitcoin and only then will we be able to witness the true potential and boom of bitcoin. Gold also had a boom when gold ETFs were adopted and I also believe that ETFs will also help bitcoin a lot.

Store of value is the only thing that makes bitcoin a lot better, I get that not everyone may see it that way but the reality is that it IS  a store of value and will continue to be so. I think it would be useless to call it anything else. I get that it may not be all that easy to trust it because we have seen the volatility but the volatility is just bigger, not any other way around.

So, when dollar loses value (or your fiat of choice) that would make bitcoin go up and that is why I keep investing into it. I know that bitcoin will be more valuable in the future, gold too, but gold would go up just a little whereas bitcoin will go up a lot. So, always investing into bitcoin is a smart choice and does end up helping your finances. This is why many people prefer gold because they are not aware of how much better bitcoin can be, and that is understandable but yet it is not understandable if you know about bitcoin and you still somehow prefer gold over bitcoin, that would be a mistake.

Bitcoin just proves it can rise in times of war which it just did last night. We are yet in the skirmish wars in different regions there isn't yet a huge war that involves a huge fleet but it seems to be unstoppable this time.

But so is gold though so both of them are like a hedge when the future is very uncertain. But when it comes to being easy to carry and not confiscable by someone, Bitcoin champions it all.