Digital Gold Proves Its Mettle Amidst Global Tensions

As missiles flew between Israel and Iran last week, an unexpected financial asset remained steady — Bitcoin. The cryptocurrency's price stability during the June 13 escalation continues a decade-long trend of resilience during geopolitical crises, though analysts note its reaction patterns may be evolving with increasing institutional involvement.

Conflict Timeline Reveals Bitcoin's Evolving Response

【Data analysis】 of seven major conflicts since 2013 shows Bitcoin initially dipped 5-8% before recovering within weeks. The 2022 Russia-Ukraine war saw the most dramatic rebound, with BTC gaining 16% in five days as citizens used crypto to bypass sanctions. ——"We're seeing institutional adoption change how Bitcoin responds to crises,"—— noted Velar CEO Mithil Thakore.

The Institutional Factor

Michael Saylor's Strategy purchased 【10,001 BTC】 worth $1 billion during the recent Middle East escalation, signaling confidence. This contrasts with 2014 when crypto exchanges handled mere thousands in daily volume. Today, 1% of all Bitcoin sits in ETFs — more than creator Satoshi Nakamoto ever held.

Why Some Conflicts Move Markets More Than Others

The analysis reveals three key factors influencing Bitcoin's reaction: • Proximity to financial hubs (stronger response to Ukraine vs. Ethiopia) • Commodity market impacts (oil price risks from Hormuz tensions) • Regulatory fallout (Hamas funding claims prompted crypto crackdowns)

A Hedge With Changing Characteristics

While Bitcoin maintained value during 2020's Tigray war and 2021 Myanmar coup, its ——correlation with traditional markets—— has grown 300% since 2020. QCP analysts warn future conflicts affecting oil or involving major economies could test Bitcoin's safe-haven status as institutional exposure increases.

The Next Test Case

All eyes now watch whether Bitcoin can maintain its 【$67,000】 support level should the Israel-Iran conflict escalate further. With BlackRock's ETF holding 300,000 BTC and the US government among top holders, the cryptocurrency's war response mechanism faces unprecedented scrutiny in today's institutionalized landscape.