Due to the impact of the international situation, Bitcoin once fell by 11%, falling to a minimum of 60,000 US dollars, and now it has rebounded to 65,000. To be honest, I dare not talk about this topic too much. Before, my account was blocked because of discussing sensitive content. War is certainly wrong, but from the perspective of Bitcoin alone, this is not bad news.
Every time there is a war, the prices of gold and oil will rise. Oil is needed because of the war machine, and gold is because people seek safe havens. War will shake the credit of paper money, and gold, as the oldest currency, has become the first choice.
Although gold has a long history, it also has many problems: it is easy to counterfeit, inconvenient to carry, and inconvenient to divide. Imagine that it is not easy to flee with gold in turbulent times. Bitcoin perfectly solves these problems. It is anti-counterfeiting, easy to divide, and easy to carry. The private key is dozens of characters, and you can write it down anywhere.
Like gold, Bitcoin relies on everyone's consensus to accumulate value and will not depreciate due to war or riots.
You may ask, why did gold rise this time, but Bitcoin fell? Because Bitcoin's safe haven properties have not been fully recognized. Many people still choose gold over Bitcoin.
Bitcoin now exists more as an investment. Various factors in the market, such as the Fed's interest rate hikes, wars, and policy making, will affect its value. Its safe-haven properties have not yet been truly tapped.
But history is always progressing, and the safe-haven properties of Bitcoin will gradually emerge as people's acceptance increases. In my opinion, Bitcoin is a better safe-haven tool than gold.
People's ideas are really strange. When Bitcoin was more than 60,000 before, it felt expensive, but now it feels cheap at 65,000. But it doesn't matter. According to the trend of a four-year cycle, the performance in the first half of this year is not important, and next year is the key. Therefore, the current situation has actually exceeded expectations. There is no need to rush, just wait, wait for this wash to end, wait for the profit-taking to be cleared, and wait for this difficult time to pass, we will see a better picture.
