The Israeli-Iranian conflict demonstrates that the consensus on the safe-haven appeal of cryptocurrencies is still insufficient. Cryptocurrencies led the decline, while gold continued to rise. Looking back at the Russia-Ukraine war in 2022 and the US-Iran conflict in 2025, both saw short-term crashes. Actually, this brother is quite right @qianmutong: We all talk about how great cryptocurrencies are, but when uncertainty and risk arise, the first to be sold off are always virtual assets.