Carousel | Starting from the Pandemic-Middle East Conflict, Bitcoin Has Proven to be Resilient

Although still relatively new, Bitcoin has proven to be an asset that continues to rise during global phenomena that collapse asset prices in the world's financial markets, such as stocks, bonds, and commodities.
For example, when the covid-19 pandemic hit in March 2020, the price of the digital asset created by Satoshi Nakamoto fell to US$6,438. However, by the end of the year, it had risen by 350% to reach US$28,993.
On the other hand, the price of Bitcoin also showed its resilience when Russian President Vladimir Putin launched an invasion of Donbas, Ukraine in February 2022. Although it briefly dropped to the level of US$34,700, Bitcoin regained strength and returned to the level of US$44,000 a week later.
As a comparison, when US President Donald Trump imposed a 34% tariff on China last April, Bitcoin briefly fell to US$76,273, according to CoinMarketCap, on April 4, 2025.
After the tariff retaliation actions, Bitcoin did indeed experience price fluctuations; however, it did not suffer a severe decline. In fact, currently, the US and China have reached a trade agreement, leading to a new all-time high for Bitcoin at US$111,970 on May 23, 2025.
Despite the ongoing tensions in the Middle East, large companies like Strategy (MSTR) are actually purchasing 10,100 BTC worth US$1.05 billion on Monday (16/06). Metaplanet also added 1,112 BTC worth US$116.5 million.
The surge in purchases made by Strategy is part of a strategy to anticipate potential market volatility and build their reserves. This also demonstrates long-term confidence in Bitcoin as a hedge amidst the geopolitical uncertainty occurring between Iran and Israel.
Meanwhile, Bitcoin experienced a decline to the level of US$103,423, and then rose again to US$106,080 on Friday (/06). This indicates the volatility of Bitcoin against the global uncertainties that are occurring.