Different countries issues is the reason why bitcoin is suffering price loss, when countries are not at peace with others, the whole nations suffered economic crisis, I remember when the price of bitcoin start going down was same season Russian x Ukraine start economy wars. Bitcoin seem to remained statics because of sentiments by this countries attitude towards the resourceful digital products that would have swim financial hardship.
Bitcoin is also a speculative asset, so the impact of the world's macro news cannot be avoided, but to say that the collapse of bitcoin in 2022 is due to war is completely inaccurate and also not caused by inflation. If we look closely, 2022 is also when we enter a bearish cycle after reaching ATH in November 2021. So I think whether there is war, economic crisis or not, the market will still slump, but with the impact of the other two factors, the situation will become worse.
What I'm thinking is, if after halving happens and the world economy still hasn't recovered, the war isn't over, do we still have a cyclical bull season?