Armed conflicts often generate global economic uncertainty and directly affect the flow of capital in cryptocurrencies. In war scenarios, many investors seek safe havens; Bitcoin is often perceived as "digital gold," which can boost capital inflows and short-term price increases. However, tensions also lead to liquidity leaks, as institutional funds reduce exposure to volatile assets, which could cause abrupt declines. Furthermore, international sanctions and financial restrictions may increase the use of cryptos in affected countries, raising transactions in stablecoins like USDT or USDC. In summary, the direction will depend on the magnitude of the conflict: refuge and adoption in some cases, but extreme volatility in global markets.