There is quite a stir in the market. Overnight, oil prices surged by 25% and Asia's equity markets fell more than 5%. But Bitcoin? It remains largely stable, perhaps slightly upward. Watching to see what happens next.

What’s interesting is that in such situations — where war, excessive spending, currency depreciation, and other macro events are ongoing — all the assets that should see increased demand in an unlevered market are definitely associated with Bitcoin. It’s also an asset question — which assets provide better protection against such shocks.