Escalating violence in the Middle East and the ongoing conflict in Ukraine have sent shockwaves through global markets, pushing Bitcoin prices down despite a recent surge. This volatility has reignited the debate over whether crypto assets can truly compete with traditional havens like gold or even blue-chip investments. Several analysts believe this may be a prime opportunity for long-term gains. Historical trends, notably from the Russian-Ukrainian conflict and the 2022 energy crisis, show that Bitcoin often rebounds after such geopolitical shocks. The current market crash has triggered a familiar pattern: a flight to safety in traditional assets like gold while cryptocurrencies like Bitcoin suffer initial setbacks.