Topic: In Case of Global Conflict, Is BTC The Best Alternative? (Read 407 times)

Damn, bro, that's the question I'm interested in discussing here. You raise the question of whether holding Bitcoin is good for our assets during a global conflict.
So, my position on this topic is that Bitcoin is a perfect and safe thing to protect your assets or money, but recently, due to war chaos (Israel and Hamas), the price of Bitcoin has seen a downward trend. After that, Bitcion is looking a little doubtful. It means that there is an impact on Bitcoin in war situations because it is obvious, like when the 2% dump in Bitcoin occurred due to the war between Israel and Hamas. When big countries fight a war, It will have a greater impact.

So I don't think that Bitcoin will maintain this price in the global chaos at this time as it is now. Because every person will sell Bitcoin to survive for themselves, from the government to the public, everyone will sell their invested assets. Government for war reasons, and the public sells them for basic needs, food, etc.

The justification for this is that Hamas and Israel have dumped the market despite being small states. So when big states fight, then more dumps can be seen in the price. So that means what to do with Bitcoin when humans are gone. Bitcoin will be beneficial when humans survive, and when there is a war between nuclear states, so how will the economy remain if from breaks down while it is not possible for humans to survive?

So the conclusion is that holding Bitcoin is good when Bitcoin moves normally in the market and there is no such bad situation to impact the Bitcoin price, like the recent conflict.

Are you using bitcoin as currency or investment? From what I know, the majority of people are looking at bitcoin as an investment rather than a currency, so it's funny that you say people should stop paying attention to the news. One more thing, are you brave enough to spend your bitcoin when you buy it for $69k and when it costs $15k, will you still spend it? Laszlo once bought 2 pizzas with bitcoin but did they use bitcoin as a measure of value or did they still base it on the value of bitcoin relative to USD?
We should not deny that fiat is still the measure of value of all assets in the world, including bitcoin, bitcoin cannot replace that role of fiat.

You take it wrong, although most people buy Bitcoin using fiat, but it's not mean Bitcoin is backed by fiat and when fiat gone, Bitcoin will gone too.

You forget if Laszlo ever bought pizza using Bitcoin, this mean Bitcoin can be used as a currency and the price of Bitcoin is totally depends on the market. Bitcoin fluctuate when there's a good or bad news are influenced by the market, if people aren't care with the news, Bitcoin price would relatively stable.

I don't think bitcoin can operate independently of traditional markets or the world economy. If it could operate independently, why was it dumped when the war between Russia and Ukraine broke out, as well as other assets? Or the Fed raising interest rates, why does bitcoin fluctuate and decrease more every time inflation increases, interest rates increase...Bitcoin is part of the economy and it is also subject to positive and negative influences of the economy. Bitcoin would not exist without its connection to the world economy, Bitcoin price increase is due to money flowing in and where does the money come from?

This is a tricky question to answer, I do believe that bitcoin is a great protection for our money and assets. But I am not sure how well bitcoin would actually do during a global conflict. The main issue during global wars is that international trade would collapse. With a large number of countries fighting each other there would be no more global supply chains, a lot of products couldn't be finished and many companies would go bankrupt quickly. In such a scenario where unemployment rises quickly the question would be how people can afford their basic needs. Instead of gold or bitcoin, I would rather expect food and water to become a major currency again. Large companies won't be able to keep selling us everything we need, I think a lot of peer to peer trading in goods directly becomes the norm again. Bitcoin could be possible to pay for goods if enough producers are willing to accept it. During the first few month of panic I think people will be hesitant to accept bitcoin or gold.

There are more number of wars going on. Think of the Ukraine - Russia war, there were heated discussion for some time period and media have forgotten it. So is the people, and now it is Israel - Palestine. Same as this we were able to see more number of wars taking place around the world. In certain things it is really impossible to reach a solution and one such is with the Israel-Palestine issue. Bitcoin is all about the decentralised functioning and not it doesn't have much of dependency over the traditional market. So, there'll be fluctuation and the same doesn't have major movements in the market.

I will just add here on what China is doing in our shores that they're calling it South China Sea, while our country is calling it West Philippine Sea. And they're even blocking the resupply missions of our coastguards and that's why there's a tension here as well. But I do hope that it won't happen to be a war conflict because everything can be done peacefully and talk about the situation on our waters.

It's better than gold because you can just carry your recovery phrases or private keys written somewhere you're confident that won't be noticed by people. You're holding your own assets and can run away with it while you'll be able to retrieve it later on. Unlike with other assets that you need to carry and their weights are heavy like gold, jewelries, real estate, etc.

It depends on the scale of the conflict and how far or close you are to it, if you are close to the conflict then your priority should be to get away as soon as possible, and bitcoin has the advantage that you only need a piece of paper to move your coins, so it adds to your mobility, however if the conflicts that we are seeing around the world escalate and we get another world war, then probably the best store of your wealth at that point could be food and other useful stuff which can sustain yourself and your family for an indeterminate amount of time.

I also think that Bitcoin will be useless as cash when the conflict became global.  Since there is destruction everywhere and people will prioritized their safety over their asset.  I think Bitcoin valuation is also affected by the conflict since people will prioritize food than investment during that time.

Converting all our asset in Bitcoin during the global conflict may or may not bring a good result since it will be dependent on how people will prioritize things after the war.


I also agree with this reply.

This is exactly my point. Most people on the thread are just going haywire with the replies forgetting that in the event of a global scale war, the relevance of any monetary item will go down to zero. So Bitcoin might not even be in the picture for most part of the war. Of course, this assumption is based on WWI and WWII.

However, A point to keep in mind is that Bitcoin was in demand in the face of a growing pandemic in 2020. It's not the same event but that's the point.

It is not just Russia-Ukraine and Israel-Hamas. There's still the ongoing war in Yemen and I believe Libya is still in a state of civil war and maybe Syria although Assad is regaining the upper hand with the help of the Russians. There are indeed a lot of areas that are highly sensitive like the Korean peninsula, China and its neighbors, the Azerbaijan-Armenia issue on Nagorno-Karabakh, etc.

Bitcoin is decentralized and is not involved in any type of politics so it could become some sort of protecting our wealth like gold and other precious stuff that are valued over time.

Well, having Bitcoin has always been an advantage to the holders or investors because it's an asset that doesn't devalue like physical cash, and the purchasing power doesn't weaken because 1 Bitcoin is always equal to 1 Bitcoin. So, in times of any economic crises or war, those who have the asset on Bitcoin are safe because it will not be depreciated; rather, the price can drop but will surely rise again and even grow above the investor's capital, giving him or her the opportunity to archive profit. For someone who holds all their assets in Fiat, perhaps let's say they save their money in the bank. First of all, during any critical crisis, it might even be difficult for those citizens to be able to access their money.

Ahh not sure why we always connect the dots of war and failed economy with the Bitcoin. That’s not how it works. If so, then we would have been holding gold coins and silver bars to trade day today stuff. Just because there is war somewhere doesn’t mean we need another currency or valuable asset to trade. That’s literally illogical. If it’s war then nothing matters, only our lives, food and water will matter.

It would be funny if you ask this question to person from Israel right, would they think about Bitcoin or their lives and way to feed their families?

Irrelevant.

I think so, but we must make sure we have wide access to internet through satellite, so the destruction of the war won't incapacitate access to our money. The cons on that matter, is that we depend on the good will of some key figures of the technological sector, like Elon Musk who made internet available for ukranian forces in the war, but once they needed it for a counter-attack, he simply cut the access.

On this aspect, we are indirectly centralizing access to our own money, because if we had Bitcoin on that situation, we would be unable to access our wallets and make our transferences, sales and purchases. So we must analyze how autonomous we would be over our own BTCs in a chaotic war scenario.

After all, we would also need a decentralized satellite system or a strong trust on a centralized system that they would never foolish us for whatever reasons.

You won’t think about Bitcoin in the event of global chaos since you will be focusing on surviving. Also you can’t use Bitcoin if everything is on chaos since you will still need to convert it to fiat if you want to use it which will surely affected once global chaos occur.

Bitcoin advantage during this event is you might secure your funds from banks collapse since you can convert it on different currencies through the use of P2P but again there’s no guarantee that Bitcoin will not be affected in actual since Bitcoin price is terribly affected when the pandemic first hits which should be not affected in theory since Bitcoin value is independent from global market.

If somehow our country get involved with this stupid wars, I would absolutely transfer majority of my money into bitcoin instantly after hearing the news. This is to protect my money and if ever I plan to flee my country, it would be easy to carry my assets with me. No way that I would still keep some of my money in banks after hearing that kind of news. Though global war will be different because I assume that it will trigger bitcoin price going up given that mostly everyone who knows cryptocurrency will transfer their assets into bitcoin and other crypto. Though I'm not sure about that since probably internet will be affected when that happen.

You are getting it totally wrong. During a crisis, we want our wealth to be well diversified so that it does not decrease our portfolio by a huge margin.
If you don't hold any fiat what would you use to buy food because the grocery nearby your house won't be using bitcoin.
I had already mentioned that holding fiat to meet daily expenses would be sufficient and rest all diversified into various assets.
Gold does need space and so it would be better to hold gold bonds instead.
Real estate is another option because when the economy recovers then you can sell your property to recover your wealth.
Also, you can use your property for stay in case you don't have anywhere to go.

In the case of global conflict bitcoin can 100% be considered as a potential alternative. Its decentralised nature & cryptographic security make it resistant to censorship & control by any single government or authority. Bitcoin operates on a global scale allowing for seamless cross border transactions & potentially serving as a store of value in times of economic uncertainty. The 21,000,000 hard cap is one of its best features. Bitcoin can be volatile though & its acceptance as a widely recognised alternative may vary depending on the circumstances & global sentiment. It’s always wise to diversify investments & consider other assets as well.

In case of Global Conflict, BTC would be better option than Fiat, but I don't think it's better option than Gold. I wouldn't just turn all my assets into Bitcoin. But all that being said, if my country is the one that are having a conflict or war, I wouldn't even think about money, I would just try to survive, gather any food and water, I mean trying to leave the country might be too late right?

You mean extinction right? I disagree that bitcoin will be a hedge against war, I mean if that was the case, bitcoin would've been pumping non-stop with the advent of Ukraine-Russia war right?

Regarding global conflict, if your country isn't in any way affected, pretty sure that bitcoin would still do you good although if you're in a country affected by war, you're better off buying precious metals with your bitcoin and then try hoarding it because raw materials like iron and steel will be in demand.

I guess the answer depends on where you are and how far the war spreads. If you're in a country that's directly involved in the war, it's likely that your local fiat will suffer greatly, so Bitcoin might be useful, but only if you're sure you'll be able to exchange it for fiat (or use it directly) when needed. In practice, you might not have stable electricity and/or Internet connection, and in some cases, the only things of value will be food, meds, and weapons.
If you're in a country outside the war, just watching, then I guess not much changes in comparison with what's already going on right now.
If we entered a WW3 nuclear kind of situation, neither Bitcoin nor fiat is likely to be useful, and essentials would become the currency and grow in value.

I think, that in case of WW III we will not need any money anymore. It will be about global instinction. At least, i hope that it will stay at local levels. In this case, bitcoin can act as a hedge against war, yeah

When the war between Ukraine and Russia broke out, it also affected bitcoin and I think this time is no exception. War affects human life and property in countries at war, but it will also cause global impacts such as energy, food... thereby destabilizing the global economy. So it can be said that bitcoin will also be affected if there is a war. Currently the market is also having slight corrections, bitcoin is not falling too much but altcoins are very bad, I think also due to the influence of recent war news. Oil prices are up, gold is up, DXY is volatile, cryptocurrencies are no exception.

The one thing all these conflicts is that the United States has been stoking the flames in each of them. The US will try to use its hegemony in an attempt to influence the outcomes. Countries that don't want to be at their mercy should consider using Bitcoin as an alternative. There is no reason why countries who aren't directly involved to put their own interests aside and stop transacting with sanctioned countries. Ordinary citizens of Palestine and many other places are unable to get aid that can alleviate their suffering and permissionless money is one of the very few options for supporting humanitarian organizations based in those areas.

It would heavily depend on the state of infrastructure around the world (aka power/internet)

If internet/power is still available, absolutely - it's possible Bitcoin could succeed fiat in reliability.
That being said, if internet/power are out, we'll probably resort to the same old standards - precious metals & necessary items.

We are here often a lot story world between 2009 - and 2023, Is Bitcoin dead? No, bitcoin still exists even the price always fluctuates following the expansion. For those people who have experienced many incidents bigger than today, this is not much to worry, because the price is not so volatile than incident in past. So, if I were you, I will prepare a new cash to DCA more bitcoin. I still remember when covid happen on 2019-2020, there was a lot of confusing news that say bitcoin will die soon because many people take cash. But, what happen next is does not match their expectations, bitcoin price instead forming a new ATH, and demolished all the statements from editorial news.

I understand your point here you are avoiding holding anything physical because of the war and you can easily lose it. You have a point here.
But I think what OP really want to mean here is the value of holding Bitcoin, in term of the price of Bitcoin. We all know that this current turmoil can be considered as fundamental analysis to add up in Bitcoin.
But for me, since this turmoil is only few countries are really affected, I don't think Bitcoin will also be affected here, not the same with COVID-19 before.

Hamas groups got courage because they are probably backed by some Muslim countries.  They won't do such acts if there is no backers that can support them with their terrorist act.


I also think that Bitcoin will be effective in war as long as major countries are still operating normally.  But when it comes to world war where almost all country are engage in war, I do not think it makes a difference since global transaction can be possibly disabled due to global effect of the world war.  Distruction is everwhere and possibly even electrical and water supply will be affected.  Without electricity and internet, Bitcoin transaction  cannot be process due to miners unable to mine due to lack of internet connection and electricity

There are global tensions, you can call it a global conflict, but this isn't a global war like WW1 or WW2. This is closer to the Cold War. Society as a whole doesn't seem to believe that Bitcoin is a hedge against inflation and economic turmoil - this was the narrative behind the last bull run, and still Bitcoin crashed and entered bear market despite the growing inflation and economic instability. So I wouldn't expect anything good for Bitcoin from global geopolitcal tensions.

Yes, it is one example is the war between Ukraine and Russia I read one story where one Ukrainian sold all his assets and converted them to Bitcoin now he's waiting for the war to be over and while waiting his assets are growing, but in times of war in your country you need to protect your passphrase and its much better than carrying gold or cash because, in times of war, looting is very prevalent.

Also in times of war, your safety is more important than any of your assets, protect yourself first and if the war ends you have also protected your Bitcoin, there's a lot of uncertainty in times of war and there's no guarantee of how and when the war will end do your main priority in times of war is your safety and your love ones, they are the most valuable assets.
 

Hodl Bitcoin in times of war is the best, the fact is you're protecting your asset because in times of war anything can happen, maybe the burning of banks or the burning of houses or maybe banks shutdown and such shutdown may lead to breakdown of physical asset. But I don't see Bitcoin fight against inflation in times of war.

In my opinion, Bitcoin holding will not only protect our assets in case of such Global Conflict, Bitcoin is always an alternative choice to make our assets more valuable in the future. But we also have to keep in mind that Bitcoin has volatilities, if you currently invest your necessary assets in Bitcoin, you should do it for the long term because its volatility can lower or increase the value of your assets at any time. It will act like gold only when invested in it through a long term strategy.
Now my only point is that if your asset is such that you don't need it now and you want to invest in it for the long term in the future and you don't have to touch it even in an emergency situation then I would say you can invest there. Because in case of emergency case, if you have to withdraw BTC from here, it may happen that your asset protection will be fine but the value will decrease.

Bitcoin is built to withstand choas. It's called an antifragile system for a reason. If things around you begin to collapse in serious crisis, the tough ones like Bitcoin should remain unaffected, and that's what people will rush to hide their values in to benefit from their tough or antifragile feature.
So, it's most likely that a gradual increase in global choas will cause alot of people to move their assets or values to Bitcoin as they experience fragile or weak things failing around them. This kind of adoption, without relying on centralized systems that could fail alongside the fragile ones, is what will keep Bitcoin more valuable than assets that can't survive the choas. The wise who think longterm will anticipate this issues and choose Bitcoin or/and other antifragile things, especially those that can be easily moved around during the crisis.

The war between Israel and Hamas has nothing to do with Bitcoin because that war is a bilateral issue not an international issue. The war can impact the fiat currencies of the affected countries and Bitcoin can be savior in such times. Bitcoin is acceptable all around the world and can be accepted as a way of payment during hard times. The fiat currencies of those countries may lose some of the value and in such times Bitcoin won't lose any value and can be the best asset for the ones who live in those countries.

I don't think that China-Taiwan will take any steps towards war because China will never want to have any war with its neighbor country Taiwan. Although their relations aren't good but the war is not the only option I guess. The Bitcoin will hold its value during most critical times.

I believe Bitcoin doesn't lost its value due to Russia-Ukraine war and it won't get impacted by that war at all, but because it lost its value because of the scam coins, exchanges, and banks that were claiming to be good for crypto market. Bitcoin is the best way to protect your money from losing its value and yes it's the best asset for everyone. It will work better than gold during such war situations and it will work all the time.

The example you used is such a localized and small conflict that doesn't have any global impact. At least so far and until no third parties get involved. But to answer your question, it depends on the scale of the conflict and the type of the battlefield. For example in a worse case scenario which is a global nuclear war, something like bitcoin is absolutely useless. So is fiat and any other assets and most probably even gold and other precious materials. But in a WW2-type conflict things could be very different to the point where something like bitcoin that can not be seized and can be carried across borders very easily and undetectably has the potential to shoot to the moon due to the massive increase in demand.

In short whenever the world is disrupted for any reason (COVID, energy crisis, economic crisis, war, etc.) things become too complicated to predict. We also have to consider dozens of factors affecting bitcoin and the economy to be able to make any kind of prediction.

Fiat will still be acceptable as long as the inflation doesn't make them worthless. But we sure can see it will go that way if war tends to prolong. It is safe to assume banks will still launch CBDC though. This I think is one of the most possible things to happen even when there is war.

We know gold is sound currency but I doubt it will be important for the people when chaos strikes, the food, water, and medicine are going to be more valuable than BTC and gold.

There is no global chaos right now, it hasn't escalated to that yet. To be honest, i don't think it makes sense to be talking about how to keep your coins or fiat safe during times of war, i know you would also need money to survive in a time like that, but the first and most important thing when you are in a war zone is to stay alive, not only you, but your family and loved ones too. There have been horror images coming out of Israel, you cannot tell me that those people and their families are worried about their keys right now. Nevertheless, i think liquid cash would be more important in war times.

In case of war, Bitcoin in not usable, because probably you will not have electricity and Internet. Plus banks will be closed, so you can not exchange Bitcoins to FIAT too.

It could but at the same time there has to be a catch. The biggest of which is to ensure that bitcoin and the internet remains usable even after large global warfare and the catastrophic damage that it would ensue.bitcoin is great and all, we could use it for commerce during times of crisis but it has to be connected to the internet first before you can even hipe of getting access and some usage to it. I reclon that during wars this will be a really tricky issue since we’re all busy making sure we don’t die while the rest of the world burns to the ground. But should we figure out a sustainable way to retain our lives and sanity even during heavy global turmoil like global wars and stuff, economy will come next in the hierarchy of importance and at the same time bitcoin might just be the perfect currency there is

I don't understand why you have such thought.

During crisis, your fiat will become worthless because the inflation surge really high.

During crisis, your real estate will become worthless too because no one want to buy it and many people would harm any buildings due to chaos.

During crisis, bonds will be worthless too since the government is struggling.

Gold need a good space and heavy, it's not flexible.

Only Bitcoin which can escape from everything I mentioned above.

It is. But sticking to one asset would be a mistake and we should consider diversifying our money into different assets.
Gold, Bitcoin, Real Estate, Bonds are some good ways to diversify but we should also consider holding some liquid cash in case of such crisis.
We never know how long it can last and how deep it can impact the economy and so holding cash for daily expenses would be a good idea.

It depends on how you see bitcoin, handles it and use it, there have been several occasions of bitcoin being a rescue in the face of chaos, when we are a bitcoiner, we have many opportunities to see bitcoin served us, we can also be the one to chiose how we receivee these financial economy benefits either through the investment we made with our asset or i ot acceptance as a means of making payments for our enterprise, considering the name and fame bitcoin had made already without being biased.

In my opinion, in conditions of world security instability, it is better to keep assets rather than fiat money. Security instability will inevitably affect fiat currency exchange, the global economy, and world politics. Conditions like this are not good for economic growth so placing money in assets is better and can guarantee the value of our money. During the pandemic, people are turning to bitcoin so that bitcoin can reach a new ATH

Now more and more people believe in bitcoin and see bitcoin as more profitable than gold. So owning bitcoin is a good choice, if you want to be safer maybe you can also own gold

Holding Bitcoin is a good idea but remember to hold money to buy daily necessities. And if your country does not allow using Bitcoin as a means of payment, you still have to use fiat money. But if the conflict didn't happen all over the world, other countries would still be as usual.

I might still hold Bitcoin for long-term savings and use fiat currency to buy daily necessities. And I will also collect money to buy gold. Owning gold could also be a good option for me. Other people may have different choices because it depends on where they live.

But most people may choose gold because they only know that it can be used as savings and protect their assets. And some people don't care about this and only use fiat money to survive. Well, it's everyone's choice.

This is not entirely true because to get food or essential needs you also need money to buy them, and you may even have to spend more money to buy them because the price will increase many times.  so holding assets like gold or bitcoin is always a good thing because thanks to them we can convert them into food and essential needs for us. 

I find holding bitcoin in times of economic uncertainty or war to be a better idea than holding any other asset.  because we can easily store and move them, it is not as difficult as gold or other traditional assets.

Are you referring to Isreal a small when comparing it will Palestine? The whole Palestine, is small in land, population and power if compared to Isreal. I see the fight as foolishness because Isreal is far ahead in power and influence.

Bitcoin has showing itself to be better during war like this, but I do not know if it becomes world war. In countries where there is war, bitcoin sell at premium in such countries. Banks can be destroyed during war, but bitcoin wallet can not be destroyed as long as you have your seed phrase.

If you yourself are in the country of Israel and that is the situation, then you have money in banks in that country. I think it is good to take your money out of the bank first, and to transfer your money from the bank, it is good to transfer it to Bitcoin, and then it's good to hold it long-term.

and while you are doing that, it is also better that you store it in hardware or electrum, because at least if it comes to the point of losing the internet connection there, your assets will be safe compared to your money in the bank. This is just my suggestion.

Thinking about assets when global conflict or chaos arises is the last thing that most people would do. There are more pressing and urgent things to consider than simply merely trying to find a way to protect their assets.

What we know from the Ukraine - Russia conflict and the recent Palestine - Israel, is that war, energy, oil, and cybersecurity stocks are gaining its momentum. So rather if the conflict escalates, I don't think Bitcoin would be a better option for most people, especially if the chaos happens for long-lasting, which is very likely.

BTC might offer a safe haven to an investment value of worth but since it is digital, what happens when transmission or network fails to work?
Am also concerned about p2p not being able to function perfectly unless it is someone close we know or from someone who is not in a waring side of the world.
The best option I know is physical asset and the gold standard comes in first place before other precious metals and antiques may be considered.

I can see people panicking because of the war on Israel right now and I believe it has nothing to do with the survival of bitcoin and crypto, it makes no sense to be worried because of the war, I am only worried for the people in Israel right now because I believe this can also happen in any country, I don't like war and this makes me sad for Israel.

If we can spend some time to go back in history, even while the afghan war was scary and it's ongoing Bitcoin still reached a new all-time high, back to the war matter, I believe moving funds out of a warring state or country will be very hard, so things like gold and fiat can instantly become useless.

Thinking about what I am thinking? Banks app won't work anymore, you won't be able to move funds out once missiles strikes a country, there will be massive panic and connections will be messed up, it's like the end of the world, it's better to be in Bitcoin at this stage, you can easily arrange space for yourself and your family, Bitcoin is very useful in this type of situations.

At when there is a crisis in and amongst nations, there is said to be deflation values within the affected waring nation while it boils at increasing the values of other nations as an advantage draining the supposed values of the affected waring nation (s). And at such a point, do many assets are gone down (lost) and most especially conversational assets.
Bitcoin would always be the best sort of investment to secure your asset at any cost of nature.

Maybe I should just let you know that viruses only attacks a softwares if the software is not protected enough with antivirus. This is just a lay scenero of the Bitcoin where it is a decentralized global coin that posseses phrases and private keys to uphold your Bitcoin wallet by yourself without a compromise.

I can also say to you that many conventional investors are affected by even just a community inflation but Bitcoin has itself determination values as fluctuations like to be inflation or delation but not as a course of a crisis or waring amongst nations.
The only possibilities of staking your Bitcoin asset's to a lost is when you get out of your private handy keys( passwords & phrases) else your Bitcoin remains 100% untempered by a second party and not even a global economy can get rid of it from you aside the effects of inflation and deflation as the coin is a volatile with the possibilities of fluctuating.

If you ask about flexibility, yes bitcoin is very helpful. You may be able to cross your country's borders without much administrative process. If you mean hedging, it depends on who is fighting, some influential countries actually have a significant effect on bitcoin volatility. The value of your assets may decrease, while you will experience difficult times that cannot be determined and will make it impossible to survive without spending your bitcoins.

Converting local fiat to Bitcoin prevents the value to depreciate in USD. When a country goes to war it's currency starts to depreciate gradually. In such scenarios the wealth of its citizens starts to depreciate, most cases the rich and affluent start converting thier local money to USD. For a common person that is not an easy task that is why it would be wise to invest in Bitcoin.

This is absolutely correct! The war in Ukraine have proven this to be the case because Bitcoin helped in sending funds to  many people that I know during evacuation when conventional methods of payment failed . Millions of dollars were also raised for Ukraine through Bitcoin. So it is surely looking like Bitcoin is a good resort for people when there is uncertainty.  

If we are going to wanted saving our funds In terms of looting or other negative effect of Physical wars then  the best way to invest and make it safer in Bitcoin and to keep out asset be there .

But for personal preferences learning from what happened in the past WW2 , I thing  we also have to take Gold and some Paper money for personal support .
to sustain our daily needs and also to use as bargaining when the war goes deep in our City and our provinces .

OP isn’t asking about the value of bitcoin or it’s price but the significance or it’s importance in the face of war. During War between multiple nations the best type of currency to hold will be a universal currency because holding on to a particular countries currency will place your asset on huge risk if the war prolongs in that particular country which leads to either the country been faced with sanctions which in turns can actually lead to the devaluation of that currency or probably the long way affects the country banking system which then makes it hard for you to convert your funds in the currency. But a general currency like bitcoin wouldn’t be affected in this cases as you can move to just any country to exchange it to any type of fiat you want or even directly use it to transact in business. A clear example of bitcoin importance was shown during the Ukraine-Russia war when donations were done in bitcoin

Well, let's look at it from a WAR angle and then decide if it is a good currency or a good store of value. During a war, countries destroy each others communication capabilities (Example Cellphone towers / Internet cables etc).... so citizens will not be able to use the Internet to access the blockchain, making Bitcoin payments almost impossible.

On the other hand.... storing your coins in the Blockchain... might save it from total destruction.... when buildings and Banks are destroyed. Your personal belongings like gems and precious metals might be raided or stolen, where you can easily store an encrypted Private key online or buried in a waterproof container, where you can retrieve it after the war. 

I think if it's on a small scale like a conflict between countries which doesn't really have an impact on the economy, I don't think it will have a significant impact on the value of bitcoin. However, if it is a big conflict like the war between China and America which has a direct effect on the global economy, maybe Bitcoin will also be affected and that could drastically reduce the value of Bitcoin. So it depends on conditions. But I think up to now Bitcoin is still the safest investment instrument for wealth.

Thinking logically — bitcoin should be a great option when it comes to wars. But will people have the same opinion as you/us? Or will most market participants simply stick with good 'ol gold?

At some point in the future, people (or at least we hope) will hold bitcoin as a good alternative. But the question is — when?

At this point the banking system of those countries who are in conflict they will destroy everything in both countries as result of fighting, their is something I want to say concerning all this things, if you are opportune you can as well make sure that you purchase bitcoin and save because banks will get destroyed and before you can get your funds back it will take time and it can only happen when the fight is been subside, from what I understand and observe concerning all this things I believe that investing when a country is into crisis should be more of advantages than investing in manual business that will get destroyed by another country because of misunderstanding between two countries.

That's not a global chaos, previously it's only Russian and Ukraine, while right now it's only Palestine and Israel, people who live in a country where it's far from those 4 countries will not get an impact. They might influence some effect like oil price, inflation etc, but you can still live freely even though it's quite struggling.

During global chaos, every assets will become worthless because foods, weapon and place to live are the most important thing.

But the case you mentioned above, it's a small chaos, the best is holding BTC since you can move to other countries and your wealth are still protected.

Look back what happened when the war started in Ukraine. If you look at a weekly chart you can see that it had no effect on bitcoin. The market which had the most effect was oil markets where oil spiked higher during that month.

Right now the indices tanked, oil pumped and crypto markets traded sideways. So most likely it won’t have a negative or positive affect if the war in Israel is long.

Not exactly. Holding bitcoin is a good way to protect our wealth, it is probably the best asset to do so. I think you have expressed yourself incorrectly and that is why I am clarifying.

When economic crises come, those who have assets always come out better off than those who don't, and this time will be no different. We have seen this with the war in Ukraine and inflation, which started before, and was exacerbated by it. Right now the price of oil is rising and this is going to have an impact on the economy in general. 

Absolutely! When a country declares war, it messes with their economy big time. Money's value tends to plummet because of high inflation brought on by the war. But hey, if you've got some Bitcoin stashed away in your wallet, it won't be as affected since its price isn't solely tied to one nation's situation. Unless, of course, there's a full-blown world war involving major countries; in that case, everything's probably in trouble. But at least your Bitcoin remains safe and sound, as long as you've got that key handy.

We've been through plenty of crises before, and you know what? Bitcoin's still kickin'. Actually, it's doing pretty darn well these days. Some folks even reckon we might be headed for a bullish period soon.

Right now, the world is witnessing another round of big conflict in Middle East particularly Israel after Hamas operatives were able to penetrate the small country and made some havoc moves. In the international theater, we still have the unresolved Ukraine-Russia war and there are those sounding the alarm for the possibility of the China-Taiwan turmoil as well as escalated North-South Korea protracted relations.

Now, in the face of a global chaos, do you think holding on to Bitcoin is a good idea to protect our assets? Will it be acting like gold which can be so valuable during war?