I would like to hear what people here in the community think about it.
As far as I know, when there is a war, people are taking their money out of the stock market because they fear of instability.
I wonder what a situation like this may cause to the crypto market.
Yes you're right, people will be looking for something that they can protect their asset but the problem is bitcoin is not as popular as other commodities, so it's less likely to people protecting their assets in bitcoin. gold will be a choice for people specifically in war. However, if the super-rich people in this world protect their wealth in bitcoin instead of buying gold, the price of bitcoin will go up even though the vast majority don't adopt it.