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??
Because panic should not need to happen because Bitcoin is different from other assets, especially physical assets.
When a war happens, what panic means is that people sell it and it goes down according to the law of supply and demand.
For this war and the previous war, the Bitcoin market did not have a big impact. The increase after experiencing a decline in my opinion is because people or investors are increasingly aware of the function of Bitcoin if they use it as a long-term investment asset — it is not complicated to store where.