Political and economic uncertainty can be a positive factor with regard to the price of Bitcoin. Bitcoin can become desirable when a number of macroeconomic indicators go south. For example, if a government's fiat currency becomes unstable as a result of political issues or economic uncertainty, a more stable alternative may be Bitcoin. Although many people believe that Bitcoin is very volatile for a currency (and it has been in the past), it may prove to be a suitable alternative compared to certain local currencies.
Right now, the Indian rupee is being decimated. Since the beginning of the year,
the rupee has declined over 17% against the dollar. Conversely, Bitcoin has gone up over 920% in USD terms (based on the increase from around $13 USD in Jan to $120 today). So in India, where the currency is getting hammered, Bitcoin may continue to serve as a good store of value.
Keep in mind, converting all your local currency into Bitcoin is a terrible idea. I will not get into further detail as this topic has been exhausted on other threads. Investing or converting local fiat into Bitcoin only makes sense as part of a larger overall strategy. For example, if you have plenty of funds in your local currency available, you may be inclined to put a portion of your excess reserves into something like Bitcoin. Again, a small piece of the puzzle.