But the oil situation is quite the opposite. Just look at the price of oil and realize that this war has had a huge impact on the price of oil and safe-haven assets like gold.
But what is the reason for this?
In my opinion, because of the war, most people avoid high-risk assets such as bitcoin and other digital currencies!
I don't think so.
The situation with oil is so much more complicated than that, same with natural gases both of which are rising fast. It is mainly because of the supply shortage while the demand is still high and slightly increasing too.
+How many wars have Bitcoin experienced so far?
-Nothing
Wrong. There has been many wars in the past 13 years that bitcoin has been around, some of which were so much bigger than the Ukraine conflict and involved a lot more countries. In fact the war in Syria for example is referred to world war sometimes as it involved about 80 countries.
So it is natural that most people, because they do not know the reaction of bitcoin, turn to other assets such as gold and oil.
I already explained oil situation and for gold you should have looked at the charts before making a statement. Gold got dumped when Russian operation began.