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.
Many thought that the price of Bitcoin would fall a lot in the Iran-Israel war, but this war did not have much impact on the crypto market. However, after the United States attacked Iran's nuclear facilities, the price of Bitcoin fell quite a bit, but it quickly recovered. Since Bitcoin is unstable, it is normal for Bitcoin prices to go up and down. Now if you are investing in Bitcoin then there is no reason to worry, because the price of Bitcoin will continue to rise with time, now even though the price of Bitcoin falls a bit then it recovers quickly. But you may be worried about altcoins, because recovery is difficult if the price of altcoins falls. So if you are investing in Bitcoin then move forward with faith in Bitcoin.
I used to encourage one of my close friends that an investment in bitcoin for the long term as asset acquisition is very much profitable that even buying landed properties currently due to reasons of anonymity of wealth ownership mostly when one finds himself always in the company of greedy people, be it family members or close friends and associates. Also, because of the almost common breakout of crisis that could result into waring factions being brutal to each other all over the world and even within our locality, it has become imperative for any smart person with money to invest for the future, to acquire bitcoin for ease of access when one has got to quickly relocate to another place to save themselves from sudden breakout of crisis and other emergencies that may require quick wits and financial response to counteract.
The sudden price surge or drop in price is already part of the game or should i say the system of how the cryptocurrency market functions and any smart investor should learn to use this to their favor because whether we like to accept it or not, cryptocurrency is the new currency of the future that rhymes with emerging technologies and anyone not on its track will find it much more difficult later on when they intend to adopt new technologies or move to a new environment where it is widely accepted, use and a part of mandatory financial knowledge.