On one hand, Bitcoin has responded positively to minor geopolitical squabbles as it often serves as a refuge from traditional financial systems, among other things. However, at the slightest threat of extreme conflicts, there is always a negative trend, and it falls short compared to gold. Honestly, I haven't always understood the reason for this, as its decentralized and globally distributed system should theoretically be resilient even to electromagnetic pulses in the event of nuclear conflicts (I could be mistaken, correct me if that's not the case), but nevertheless, gold always rises in these moments while Bitcoin falls.

For those who are not aware, Iran has promised to strike Israel in response to an attack on its consulate, and in turn, Israel has vowed to strike Iranian nuclear sites if Iran attacks.

So, in the event of major squabbles, gold wins…