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??
Bitcoin is still widely seen as a speculative asset, so during the early stages of war or crisis, its price tends to fall along with other risk assets, but it may rebound as the situation evolves..