Why is bitcoin losing value at a time of conflict? Isn't it intended to do the opposite?
What I believe:It depends on your perspective, whether short- or long-term.
Bitcoin is not and has never been immune to short-term hysteria.
Bitcoin benefits in the long run from efforts to shut out whole countries from the international correspondent banking system.
Obviously, I am on the side of the excluded, i.e. the misfits. My good buddies are all financial misfits!
How do you feel about this? Since this is the biggest conflict it faced so far, I guess we'll see very soon. The initial reaction of falling is only natural when anything significantly bad happens, but right now it's almost 8% up from yesterday, and I think that overall it will be fine. Bitcoin is a currency one can use without borders and without centralized parties that might restrict the flow of money or be under restrictions from other parties. It's also the most reliable financial tool that is certainly not under anyone's control and is not as dependent on the global economy as other, more traditional things like stocks. So unless we're at a stage when people abandon money overall for real food, weapons, protective materials etc. all over the world, I think it will rise.