In times of war, Gold rises. What about Bitcoin?

[Abiky]

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.

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[jrrsparkles]

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.

[DanWalker]

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.

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.

[fuguebtc]

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.

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.

[traderethereum]

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.

[Vaskiy]

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.

[philipma1957]

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.

[yudi09]

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.

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.

[Jawhead999]

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

[Majestic-milf]

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.

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.

[Text]

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.

[DrBeer]

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

[Wind_FURY]

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.

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.

[danherbias07]

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.

[Wind_FURY]

Update: $29k now.

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.

[naira]

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.

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.

[shinratensei_]

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.

[Gozie51]

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.

[Ucy]

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 ***.

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.

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.

[Lucius]

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.

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?

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.

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.