It's so notable that the price of Bitcoin is always affected whenever there is war among some notable countries in the world and this makes me to wonder why Bitcoin price is always impacted negatively by war. For instance, Bitcoin saw sharp declines during the 12-day Israel-Iran conflict, but prices rebounded after the announcement of a ceasefire.
What's your opinion on this??
My opinion on this is simple: Bitcoin was misjudged as a safe-haven asset, but the reality is now showing us the truth, it's a risk-appetite asset. For this, we should not be surprised, going forward, that Bitcoin will always fall when there are wars and uncertainties in the world and have a better chance to rise when there is peace and certainty.
However, one thing is also certain, the Bitcoin community is large and diehard, so it can still use the opportunity to reduce the effect of the fall during war, and even shift the narrative or try to do so, which makes Bitcoin unique.