As I saw last days bitcoin pumps after Iran declared the war against the United States, On my observation its because some people on the middle east sold they commodities, some stocks and bought cryptocurrency to keep carefully their assets. Do you think guys war was favor on the entire crypto investors? You can share your thought now.
Wars might affect the prices for the stocks. Stock prices might reduces because of the ongoing problems of the war like situations and it is what brings people's faith in selling their stocks.
Now, those peoples who might sell their stocks would find some source for investment and hence they might invest in bitcoins to keep their money safe. This is what brings the price for bitcoins on the peak and the price for stocks reversely goes down. This should be a normal scenario in war like situations. War is actually in favor of no one as most of the financial resources as well as human life is endangered in the wars but this is what brings the price for bitcoins up at least in the current situation.