What will happen to Bitcoin (BTC) in the face of the American war? Will it go down? Will it go up?
With the current tensions in the Middle East and the US intervention, the crypto market is facing some volatility. Here are some things we need to know about this:
Short-term Impact: Usually, at the beginning of a war or political instability, investors tend to panic and sell their digital assets. In this case, the price of BTC may temporarily go down.
Bitcoin as a Hedge: But when the world economy goes into crisis, many people consider Bitcoin as "Digital Gold". Looking at history, we have seen cases where the price of BTC went up for a long time in the midst of war situations.
Institutional Money: Now that institutional investors are coming to Bitcoin (via ETFs), the possibility of a big crash is less likely than before.
Finally:
Although the market may go down (Downtrend) in the short term, many people see it as a good opportunity to buy (Buy the Dip). What is your strategy?
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