Crypto is a stock market and also it can be affected by some wars and pandemic like situations. So I will say that Currently going wars with Gaza ( PALAESTINE) and Israel War. In long term situation and as there are high chances of spreading of war to whole middle eat. Will bitcoin market go on crash mood because last time was coronavirus.
What are your thoughts?
I think that could be the reason of crash.
Of course, external influences on Bitcoin are huge. It often crashes in the event of a war or epidemic, but the Israeli-Palestinian war has not yet had a significant impact on it.I think the risks of this war becoming more widespread are low and will not cause a crash for Bitcoin. This issue cannot be completely ignored, but if this war had any significant impact, Bitcoin would have crashed by now, but despite this, the price of Bitcoin is seeing an increase.
The main reason for this is that the countries of the rest of the world are not having much influence on this war .Instead of calling it a global tragedy, efforts are being made to ignore it.If Palestine was replaced by a strong country that could compete with Israel in a war, then Bitcoin would have more impact, but now it is a one-sided war, so Bitcoin does not feel threatened.