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

[Abiky]

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.

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.

[goldkingcoiner]

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 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.

[Mauser]

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 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.

[Abiky]

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

[Youngkhngdiddy]

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.

[pinggoki]

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

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.

[Abiky]

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.

[Ayers]

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.

[bitgolden]

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?

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.

[bittraffic]

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?

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.