Bitcoin rises after each conflict.

We know that Bitcoin has fallen by 12% in the last month, due to the conflict in the Middle East. As a risk asset, Bitcoin is easily affected by public events. BlackRock released a report specifically for analyzing Bitcoin's performance after various geopolitical conflicts. Let's take a look together.
BlackRock's report compares Bitcoin, the S&P 500, and gold. From the data in the chart, it can be seen that gold has always been the most stable during various public events and geopolitical conflicts. After the outbreak of the COVID-19 pandemic in 2020, gold only fell by 9%, while Bitcoin dropped by 25%. Sixty days after the event, various assets began to recover and rise, with Bitcoin showing the highest increase, rising by 21% after 60 days of COVID-19; it increased by 131% after the 2020 election, which should be attributed to the QE implemented by the Federal Reserve at that time, with 0% interest rates and a significant rise in risk assets.
BlackRock's statistic shows a pattern: after every major conflict event, Bitcoin tends to experience a significant rise. From the outbreak of the conflict between the U.S. and Iran in 2020 to the bank failures in the U.S. in 2023, this has been confirmed. Moreover, this timeframe spans both bull and bear cycles, not all occurring in an upward trend.
In the 60 days following major events, the rise of Bitcoin is the highest among three asset classes. Excluding the highest and lowest points, the average rise is 24%. From this moment, two months later, which is the end of August, Bitcoin's rise should remain at this average value of 24%. Let's wait and see.