#IsraelIranConflict

What is the relationship between the price of bitcoin and Israel's attack on Iran?

We are in a transition phase where old financial logics coexist with a new understanding of value.

The price of bitcoin has fallen following Israel's attack on Iran. The instinctive reaction of many traders is to sell first and ask questions later. For many, bitcoin is still considered a "risky" asset. Yesterday, June 12, the price of bitcoin (BTC) experienced a sharp drop, falling from $104,000, in immediate response to a geopolitically significant news: Israel carried out a massive airstrike against Iran. Moreover, the Israeli government declared a national state of emergency, justifying its action as a "preventive response" to the alleged imminence of an Iranian nuclear weapon. This episode represents one of the highest military tension moments in the Middle East in recent years. As is often the case in situations of this nature, markets reacted with uncertainty, and bitcoin, considered by many as a "risky" asset, was no exception. Bitcoin (BTC) price in the last 24 hours.

(Source: CoinGecko) But, what is the relationship between bitcoin and the conflict between Israel and Iran? The short answer is: increasingly so. What began in 2008 as an experiment...