Why war will not affect the crypto market!

Affected by the news of war in the morning, the price of Bitcoin fell below the 60,000 US dollar mark again, and rebounded instantly after the pin. As of press time, the price returned to around 64,000 US dollars. These two days have shown one of my own views that war will indeed affect the economic systems of various countries, but it has little impact on the bull market of cryptocurrencies.

Why are you so sure? First of all, if wars are frequent and investors' risk aversion increases, more people will be willing to exchange their chips for gold or cryptocurrencies. For example, in the Israeli Hamas conflict, the Israeli government launched a cryptocurrency rescue platform and a youth foundation, allowing people from all over the world to help Israelis affected by the war through Crypto. And between countries, the most transactions are also using cryptocurrencies such as BTC.

Secondly, the conflict between Russia and Ukraine has continued in the past two years, but will you find that the market reaction is affected by this war? Obviously not. Cryptocurrencies are more about hyping expectations, and for war, they use news to wash the market before and after the halving. What is the best bad news? It is nothing more than war.

Although we cannot underestimate the impact of political conflicts and regulatory environment on the crypto industry, generally speaking, these impacts are short-lived, and the bull market will continue to explode after market fluctuations.