$BTC — War isn’t automatically bullish.

Bitcoin trades like a risk asset, not gold. When geopolitical tension rises, oil spikes first — then institutions go risk-off and sell equities + crypto.

The sequence is simple:

Conflict → Oil up → Risk assets down → Money hides in oil, gold, cash.

We’ve seen it before. Oil leads, $BTC reacts.

If crude starts running on escalation, don’t expect Bitcoin to act like a safe haven. It’ll likely trade with the risk bucket.

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