Mar 22 • Bitcoin Talking Points
Bitcoin Just Passed Its First Real War Test
A real war broke out on February 28th. Bombs. Oil disruptions. Markets were in roller coaster mode.
And everyone assumed Bitcoin would crash with everything else.
It didn't.
Here's what actually happened over the last 3 weeks:
- Bitcoin: up ~10%
- Gold: down ~5%
- S&P 500: down ~4%
- Oil: up 40%+ (which crushes everything else)
Bitcoin was the only market open when the strikes hit on a Saturday night. It dropped 8.5% immediately. Then something weird started happening. Every time a new escalation hit the news, Bitcoin sold off less. And recovered faster. The floor kept rising: $64K → $66K → $68K → $70K.
Meanwhile, the "safe" asset (gold) has been sinking. The dollar got stronger, which makes gold more expensive for global buyers, so they sold. The thing people run to during war...ran the wrong direction.
Here's the part that matters for you:
Strategy (formerly MicroStrategy) bought $1.57 billion in Bitcoin in a single week during the conflict. They now hold 761,000 BTC. Institutions aren't panicking. They're accumulating while everyone else watches cable news and freezes.
The Fed held rates steady last week. Inflation forecast went up. Powell basically said "we're not cutting anytime soon." Oil prices are making everything more expensive. The dollar is getting squeezed.
But bitcoin doesn't care about any of that.
- Trades 24/7.
- No one can freeze it
- No central bank controls it
- No war shuts it down
For the first time in Bitcoin's 15 year life, those properties got stress-tested in a real geopolitical crisis. And it still passes with flying colors. The lesson of Bitcoin was never in the price. It was always in the design.
You tell us:
What worries you the most about this war and current markets?
More breakdowns like this on the way!
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Bitcoin Just Passed Its First Real War Test
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