More people are running away from fiat to cryptocurrencies, one they there will no one left in fiat world, just politicians and banks, together with some governments
Well, as much as I would love that to be true myself, it is still mostly wishful thinking
I do agree with the point as it is hard to image people jumping on to invest in bitcoin think that their currency is going to crash.
People desperately need fiat to pay for their daily expenses, and taking into account that the vast majority of the world population live paycheck to paycheck (and many of them on credit at that), they are not interested in cryptocurrencies. This is simply the way things are, whether you, me, or whoever else likes it or not
People who are investing in banks can shift their savings in bitcoin if they are smart enough to do so because some countries are worse when it comes to inflation and investing in bitcoin could save their funds in the long term.
We don't even know how much of the recent spike in Bitcoin's price is actually due to the showdown between Iran and America because cryptocurrencies as whole play a very small role in the global affairs, and thus are pretty insignificant in the larger picture to reach any definitive conclusion on the matter
The market could have increased even if there was no tension between Iran and America as the market is close to the halving and it is time that we see some recover.