"For real? Afraid that suddenly everyone is not interested in what kind of crypto."
Cryptocurrency investors are currently monitoring the situation in Israel which was suddenly attacked last Saturday by Hamas, the militant group that controls the Gaza Strip which is a Palestinian coastal region.
The leader of Hamas, Ismail Haniyeh launched the 'Al-Aqsa Typhoon' operation in response to the Zionist regime's violation of the Al-Aqsa mosque and atrocities on Palestinian prisoners in Israeli prisons.
As concerns among investors about continued instability in the region have sparked, many individuals will begin to shift to safer investments thus increasing the demand for safe-haven assets.
Geopolitical events in the Middle East that have had a major impact on financial markets have caused investors to be more cautious in their behavior who want to seek protection through safe-haven assets such as gold, the US dollar and even crypto.
However, it should be noted that the surprise attack by Hamas in Israel has made crypto a relatively attractive option to buy compared to gold and the US dollar as it offers a new frontier in financial security.
Earlier too, when the war broke out between Russia and Ukraine, the crypto market was seen holding its own with the price of Bitcoin not falling while other trading instruments were in turmoil.
So here it can be seen that ongoing geopolitical tensions can be a catalyst for increasing interest in digital assets as safe-haven investments, plus Bitcoin (BTC) has recently been increasingly considered as "digital gold".
Not only that, the use of crypto can also facilitate cross-border transactions, conduct international trade outside the traditional banking system and provide financial access to individuals affected by political unrest.
Therefore, the current Middle East conflict can indirectly show how digital assets can increase global investment and financial empowerment in crisis-stricken places.
