What’s happening right now doesn’t really affect Bitcoin. I’ve seen a few threads saying the current war between Iran and Israel, plus US intervention, could cause the market to collapse. And yeah, it kinda looked like it was going that way when Bitcoin dropped below $100k.
But look what happened -- it bounced back and is now trading at $105k. That just proves there’s nothing to worry about. Bitcoin can stand through tough times, and in fact, it’s something you can actually trust with your investment.
Eventually everyone admits that bitcoin can be affected by war - but at the same time bitcoin can recover quickly like it is now. Some people became pessimistic when bitcoin failed to hold its support at $100K - but then the price gradually rose until we see bitcoin testing the $110K resistance again. The bitcoin market is affected by war in the short term - the same thing happened when the pandemic hit the world, but then the market came back excited and hit a new ATH.
Amidst the public's skepticism of the ongoing war - I remain equally optimistic about bitcoin. No plans to convert to fiat and secure it in other stores of value - but I have changed my stance a bit to not accumulating much and trying to diversify into other assets. Bitcoin is irreplaceable as a core asset in a portfolio - but it is wise advice to consider diversification.