Geopolitical conflicts amplify uncertainties, and the "safe-haven attribute" of crypto assets is being reconsidered

Whenever geopolitical tensions escalate, the crypto market is often drawn back into discussions about whether it possesses safe-haven qualities. In reality, crypto assets are not traditional safe-haven assets, but during periods of sharply rising uncertainty, they are often viewed as "non-sovereign, non-credit-linked assets" to hedge systemic risks.

When events such as wars, sanctions, and energy conflicts occur frequently, investors' primary concern is not returns but whether their assets will be restricted, frozen, or devalued. In this context, the "non-interference" characteristic of decentralized assets like Bitcoin is temporarily amplified.

However, it is important to emphasize that this safe-haven aspect is more reflected in long-term logic rather than short-term price stability. In the short term, the crypto market will still experience sharp fluctuations driven by sentiment and liquidity shocks. Therefore, geopolitical conflicts are not a direct reason for crypto price increases but rather a catalyst that changes the approach to asset allocation.#国际地缘局势影响