Bitcoin Survives the War Scare

[Finestream]

What’s happening right now doesn’t really affect Bitcoin. I’ve seen a few threads saying the current war between Iran and Israel, plus US intervention, could cause the market to collapse. And yeah, it kinda looked like it was going that way when Bitcoin dropped below $100k.

But look what happened -- it bounced back and is now trading at $105k. That just proves there’s nothing to worry about. Bitcoin can stand through tough times, and in fact, it’s something you can actually trust with your investment.

I wasn't worried at all. It's the first time in the history that we've seen Bitcoin get to $100k and with the war happening, I think if just some few dips would happen then most of the people that awaits for a better price will buy. We've got one huge correction already that has happened and if that will be repeated, most are going to buy once again and it won't be taking that long for the price to recover. We've seen it coming when the war has happened between Iran and Israel, they are in a ceasefire and Bitcoin recovered well.

If you have been here for years, and have witnessed how bitcoin price gradually recover after going into its dips, you will never be worried at all. You know how flexible and resilient bitcoin is, so there’s actually no need to worry then.

However, seeing bitcoin still survived from the latest war isn’t surprising for me. Even if US will be greatly involved, still bitcoin will eventually recover after a series of correction. That’s the potentials of bitcoin that other coins are lacking. That’s why bitcoin keep dominating the market, because it’s only bitcoin that is capable to do that, the rest cannot be trusted at all.

[Swordsoffreedom]

The Iran and Israel war is not the first war since the existence of bitcoin; there have been several wars before now. Russia and Ukraine have been fighting long before now, and it did nothing to bitcoin.

Apart from wars, there have been terrible occurrences like COVID-19, and it did nothing to bitcoin. Bitcoin is very decentralized, and it is here to stay. People who don’t understand the value of bitcoin would always think otherwise when there is war or some occurrence. Bitcoin has gone through many tough times in the world, but it is still doing well and gaining more adoption.

It would be incorrect to say that wars or terrible events like covid19 do not affect bitcoin. Bitcoin is even severely affected but it is all short and medium term impact.


If I remember correctly, when the Russia-Ukraine war broke out, bitcoin was dumped and at one point dropped below $15k in late 2022 before recovering and growing again in 2023. Likewise Bitcoin also dumped badly when covid paralyzed the world economy, and it only grew when governments decided to pump money to save the economy.


It can be said that bitcoin is always affected whenever the economy is unstable but over time, it will recover and increase in price again.