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

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

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The instinct of many traders is to sell first and ask questions later.

For many, bitcoin remains a "risky" asset.

The price of bitcoin (BTC) fell abruptly yesterday, June 12, below 104,000 dollars, in what was an immediate market reaction to a highly impactful geopolitical news: Israel launched a massive airstrike against Iran.

In addition, 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.

The episode marks one of the highest points of military tension in the Middle East in recent years. As is usual in events of this nature, the markets reacted with uncertainty. And bitcoin, which many still consider a "risky" asset, was no exception.