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

[Stepstowealth]

I've seen Gold market prices rising lately as a result of the current Israel-Hamas conflict.

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.

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[bhadz]

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 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.

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.

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.

[danherbias07]

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.

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.

[rachael9385]

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.

[Faisal2202]

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.

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.

[Crypto Library]

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.

[STT]

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.

[JunaidAzizi]

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.

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.

[summonerrk]

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.

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.

[coupable]

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.

[mindrust]

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.

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.

[ZAINmalik75]

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.

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.

[BitcoinTurk]

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, 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.

[GxSTxV]

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.

[mvdheuvel1983]

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.

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.

[Bananington]

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.

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.

[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.

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.

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.

 

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.

[Kakmakr]

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.  

[Zlantann]

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.

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 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

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 

[Synchronice]

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.

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

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.