India has a big economy ranked as the fifth largest economies and Pakistan occupies the twenty fifth place. The escalation of this conflict will affect the global economy because India is a big player.

There are many countries and companies that depends on India for several products and services. A full blown war would affect industries which will affect the production line of certain products. I heard that Iphone will be moving it's production plants from China to India. Industries in other countries might stop producing because of shortage of supplies. It will lead to unemployment.

Many oil and gas producing countries see India as their major market. If the war escalates oil prices will drop which will affect many economies.

An escalation would affect the price of Bitcoin but it will recover within a short time. There will be FUD which will make weak hands to sell, but the price will still rise.