Bitcoin price stabilizes and rallies amid regional conflicts, data shows
Throughout the last 10 years, Bitcoin’s price has remained resilient to war and armed conflict.
As the conflict between Israel and Iran escalates, Bitcoin’s (BTC) price has remained stable.
A look back at previous conflicts shows a similar trend, with factors like adoption and institutional involvement playing a key role.
Analysts like André Dragosch, head of research at Bitwise’s ETP platform ETC Group, have argued that Bitcoin’s price can suffer in the days following the outbreak of a conflict. While volatility in BTC’s price is overall on a downtrend, it is still seen as a risky asset and is likely to be sold quickly when a war breaks out.
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