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.
I think that the correction shall take longer if there is no agreement on a ceasefire. We cannot deny that when the news about the ceasefire broke, the market recovered quickly. But that's not the point, though. You're right that whatever comes to the world and to the market, Bitcoin will stand firmly and will always be resilient to whatever is happening right now. Most of us who have been holding for years knew about that. And the newbies that has just experienced this are likely learning that Bitcoin is like this. No matter what happens, it recovers.
The so-called acute phase of the war between Israel and Iran lasted only 12 days, and Bitcoin did not lose much value during that time. Imagine if, after the US strikes on uranium enrichment facilities, the situation had escalated and other countries had joined the conflict. This could have had a significant impact on all risky assets due to the increased likelihood of a third world war.
In my opinion, after the US intervention in this conflict, it became more like a staged event than a real military confrontation. Iran and Israel announced to their citizens that they had won the war and that it was over. This seems quite amusing, except for the losses on both sides. Therefore, I believe that we should not expect Bitcoin to behave in the same way during real military operations, especially protracted ones.