If the war suddenly escalates again, the price of bitcoin will definitely temporarily dip, we cannot expect it to stabilize or increase like gold. But the speed of recovery will depend on the severity of the war and the state of the economy. If the US gets involved and makes the war more intense, I don't think it can recover quickly. It will take quite a while for bitcoin to adapt to the war before it can recover.

But I agree with you, there is nothing to panic about and just hold on tight. It is even a good opportunity for long term investors as they get a chance to accumulate at better prices.