Many are worried that Bitcoin will experience a major decline if a war occurs for a long time. Maybe the effect does occur because of the war situation that causes panic. But what happens is always different, such as the war situation between Russia and Ukraine. Bitcoin is still strengthening. And now the war situation between Iran and Israel is of concern to many people, including Bitcoin holders. A decline occurred, but Bitcoin increased again.
Bitcoin price rebounded thanks to the timely news of the ceasefire, price did not increase due to high demand when the war happened. So if the war continues or the US enters the war, we will soon see more dumping before it recovers and increases.
Similar to the Russia-Ukraine war in 2022, bitcoin also dumped for a very long time before it was able to adapt and gradually recover without being affected by the war. Bitcoin doesn't do well in wartime, war actually has a negative impact on Bitcoin.