Wartime performance of BTC

[Reatim]

Or does this war not really matter much specifically for Bitcoin...BTC is just one of the many asset classes that will see volatility

Another related question, is this Iran war "big enough" to even strengthen BTC's narrative? Or do we need a China/Taiwan level conflict to really see what BTC is made of?


*I am not advocating for war, or hoping more conflicts arise btw

not that it doesn’t matter to bitcoin of course the ongoing conflict creates tension between many countries and causes crises across the world so expect that bitcoin among many others will be affected

the question should be how will bitcoin be affected? will bitcoin rise or fall? but right now with btc in the 70k level i think we know the answer

[Hewlet]

Do we all agree that this is a major "test" for Bitcoin during this wartime period? In other words, would the store of value narrative be solidified or weakened based on this moment?

Or does this war not really matter much specifically for Bitcoin...BTC is just one of the many asset classes that will see volatility

war generally affects people and sectors in different ways as long as they last and there is no sector that would not be affected if the current crisis escalate. at such a time, there are different possibilities that might play out which can be that bitcoin gets hits negatively just like every other sector or gains from it as people diversifies into a more reliable thing that last which is where bitcoin comes into play but in the midst of it all, only time will tell on what stands to last or not but because will survive pass this whole war stuff and might even do better just like what we are seeing now.

[Haunebu]

Every single day is a test for BTC and other cryptocurrencies just like other currencies out there if you ask me. Wartime performances are some of the biggest tests that these currencies face. BTC has already performed well through multiple wars in the past.

Am expecting the same with this ongoing war too. Why? Primarily because of the shift from physical to digital currencies in recent times. Ease of convenience is the biggest factor here.