Bitcoin going up again and we know that Iran/USA tension is behind this.
My question is that is this good for bitcoin in long run. We saw bitcoin going up when Chinese president gave statement about blockchain adoption. Bitcoin went up and then fell down again.
If bitcoin keep up and down with such news, bitcoin ow worth can never be established.
I don't really know or sure how the war affects the market price of bitcoin making it increases for some reason, obviously we are expecting the market price to drop because of war but what happened is bitcoin market price happened to increases. In my opinion, the market price of bitcoin should war when the war started since if could limit the interest of a lot of people in bitcoin resulting in less demand in bitcoin since they will be more concentrated in the war and not in bitcoin.
I think we should not be confident in the bitcoin market price since the war just getting started but personally I'm expecting a price drop in the market of bitcoin when the war continues.