$BTC What does the price of bitcoin have to do with Israel's attack on Iran?

We are still in a transitional phase, where old financial logics coexist with a new way of understanding value. The instinct of many traders is to sell first and ask questions later.

For many, bitcoin is still considered a "risky" asset.

The price of bitcoin (BTC) dropped sharply yesterday, June 12, below $104,000, in what was an immediate market reaction to a high-impact geopolitical news: Israel launched a massive airstrike against Iran.

Additionally, the Israeli government declared a national state of emergency and justified its actions as a "preventive response" to the supposed imminence of an Iranian nuclear weapon. This episode marks one of the moments of greatest military tension in the Middle East in recent years. As is customary in events of this nature, the markets reacted with uncertainty. And bitcoin, which many still consider a "risky" asset, was no exception. But what does bitcoin have to do with the conflict between Israel and Iran? The short answer is: more and more. What began in 2008 as a cypherpunk experiment is now one of the 10 most valuable assets on the planet. This meteoric rise was not by chance. Over the last five years, bitcoin has been adopted by institutional funds, publicly traded companies, governments, and individuals seeking to protect their wealth from inflation or state control. Firms like BlackRock, Fidelity, and Strategy have accumulated significant amounts of BTC, and countries like El Salvador have declared it legal tender.