The instinct of many traders is to sell first and ask later.
For many, Bitcoin remains an asset “risk”.
The price of Bitcoin (BTC) fell abruptly yesterday, June 12, below 104,000 dollars, in what was an immediate market reaction to a geopolitical news of great impact: Israel launched a massive air attack against Iran.
In addition, the Israeli government declared a state of national emergency and justified its actions as a “preventive response” to the alleged imminence of an Iranian nuclear weapon.
The episode marks one of the moments of greatest military tension in the Middle East in recent years. As usual in events of this nature, the markets reacted with uncertainty. And Bitcoin, which many still consider a “risk” asset, was no exception.
But what does Bitcoin have to do with the conflict between Israel and Iran? The short answer is: more and more. What began in 2008 as a Cypherpunk experiment, today is one of the 10 most valuable assets on the planet, as seen in the following image:
This meteoric ascent was no accident. Throughout the last five years, Bitcoin has been adopted by institutional funds, companies that quote on the stock market, governments and individuals who seek to protect their assets against inflation or state control. Signatures such as Blackrock, Fidelity and Strategy have accumulated significant amounts of BTC, and countries such as El Salvador have declared a legal tender.
With this growing adoption, an inevitable consequence also comes: Bitcoin’s price behavior begins to resemble, at least in part, that of other traditional financial assets. That is, it responds – to the short term – to the same market dynamics that affect actions, bonds or Commodities: fear, risk aversion, and Shocks external
Last night, with what happened in the Middle East, the market reaction was immediate: Bitcoin fell strongly below 104,000 dollars. Because? Because investors, by detecting an increase in global uncertainty, tend to get rid of assets considered “risk” in favor of more traditional shelters. And despite his narrative as “Digital Gold”, Bitcoin has not yet consolidated that role for most market actors financial.
A double dimension for Bitcoin
Bitcoin lives in a double dimension. On the one hand, its decentralized nature, its offer limited to 21 million units, its resistance to censorship and its absolute portability makes it ideal as a refuge of value in times of crisis. It does not depend on central banks, it cannot be printed at will, or easily confiscate. In the long term, this makes it a natural gold competitor.
But on the other hand, its short history, its volatility and its speculative behavior in bullish and bassist cycles make, even today, many see it as a risk asset, as cryptootics has explained it several times. That means that when a war broke out, when a bank falls, or when an economy staggers, the instinct of many Traders It is selling first and asking later.
This is exactly what we saw with the Israeli attack to Iran. Bitcoin fell not because his network is at risk, nor because he has a direct link with the conflict, but because An important part of the market still perceives it as a more casino cardwithin an interconnected and nervous global economy.
However, not everything is pessimism. Throughout its history, Bitcoin has shown a unique ability to adapt, learn and mature. Every time traditional markets face prolonged crises, Bitcoin demonstrates that it can be something different.
As more individuals, institutions and governments understand the operation of Bitcoin and integrate it into their reserves, the narrative of “digital gold” is strengthened. And at some point the time will come when the market stops seeing Bitcoin as a risk asset and starts treating him as what he really is: The value reserve of the 21st century.
That decoupling process will not be automatic, or total. But we are already seeing indications. In previous voltage episodes, Bitcoin has had mixed behaviors: sometimes falling together with the actions, but other times acting as a refuge or recovering quickly.
The world in 2025 is marked by polarization, geopolitical tensions and a global economy in transformation. The digitalization of money is inevitable, and Bitcoin – as an open, transparent and non -manipulable monetary system – has an increasingly relevant role.
The fall of its price against a military escalation does not contradict its long -term thesis. On the contrary: show that We are still in a transition phase, where old financial logic lives with a new way of understanding the valuescarcity and economic freedom.
The important thing is not so much the punctual fall in the face of a crisis, but the general trend. And that trend, if one moves away from daily noise, is clear: Bitcoin is increasingly present in global discussions about money, sovereignty and future.
