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.
The Iran and Israel war is not the first war since the existence of bitcoin; there have been several wars before now. Russia and Ukraine have been fighting long before now, and it did nothing to bitcoin.
Apart from wars, there have been terrible occurrences like COVID-19, and it did nothing to bitcoin. Bitcoin is very decentralized, and it is here to stay. People who don’t understand the value of bitcoin would always think otherwise when there is war or some occurrence. Bitcoin has gone through many tough times in the world, but it is still doing well and gaining more adoption.