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.
If we look at the bitcoin system and utility, bitcoin can go through any challenge and bitcoin remains unbeatable. Even if there is a war like yesterday, the price of bitcoin goes down, it is normal because many investors sell their assets because they panic because of fomo or fud and so on, but after that bitcoin will recover and go up again.
Because if we look at the history of bitcoin from the past to the present, when the global economy was uncertain it did not have an impact on bitcoin in the long term, the proof is that there are so many uncertain global economic turmoil and even crises such as the pandemic, the Ukrainian war and many more, but the impact on bitcoin was only temporary after bitcoin slowly recovered.