In a global war scenario, the value of Bitcoin could skyrocket, but this would depend on several factors. Bitcoin has some characteristics that could make it attractive in times of global crisis:
1. Financial refuge
During conflicts, fiat currencies can depreciate, especially in countries directly affected. Bitcoin, being decentralized and not directly linked to governments, can attract people looking to protect their assets.
2. Access and portability
In war scenarios, withdrawing money from banks or transporting physical wealth can be difficult. Bitcoin is digital, secure and accessible from anywhere with internet, which makes it a practical option.
3. Scarcity and demand
Since Bitcoin has a limited supply (21 million units), a sudden increase in demand can cause a significant increase in value.
4. Distrust in traditional financial systems
Political and economic instability often undermines trust in banks and governments, leading investors and populations to seek alternatives such as Bitcoin.
But there are risks:
Volatility: Bitcoin is extremely volatile and can either rise or fall drastically, depending on the decisions of large investors and the market.
Digital censorship: If governments at war impose strict controls on the internet, this could make it difficult to use Bitcoin.
Preference for traditional assets: Many still prefer gold as a store of value in extreme scenarios, which could divide invested capital.
In short, Bitcoin could indeed "explode" in value in a world war scenario, especially if people see it as a safe haven. However, market behavior will be highly unpredictable, depending on the context and technological and economic conditions.
