Lately I’ve been staring at the news and feeling like the world’s a powder keg. Between Russia’s invasion of Ukraine, China’s threats toward Taiwan, and conflicts in the Middle East (Iran-Israel tensions, etc.), it sometimes seems war could flare up anywhere. As I watch these conflicts, I can’t help but wonder: if a global war really broke out, where would that leave Bitcoin and other cryptocurrencies? Would they be a lifeline or just another digital casualty?
Let’s explore the possibilities.
Historically, during times of war and global instability, people seek safety. They flee to stores of value. Gold, silver, foreign cash. But in today’s digital-first world, Bitcoin often enters the conversation.
Here’s why: it’s decentralized, borderless, and not controlled by any central bank. That’s a huge deal if your government is collapsing, your banks are frozen, or your national currency is tanking.
In a WW3 scenario, the first wave of reaction could very well be a massive flight to crypto—especially Bitcoin and stablecoins. Imagine people in affected regions desperately trying to convert their rapidly devaluing currency into something they can take across a border or store in a cold wallet.
We’ve already seen versions of this in Venezuela, Ukraine, Lebanon, and elsewhere. So this isn’t hypothetical—it’s a real pattern that repeats in crises.
That said, crypto isn’t magic. It runs on infrastructure: power, internet, servers, miners. In a global war, infrastructure becomes a major vulnerability.
If WW3 leads to cyberattacks, EMPs, satellite disruptions, or targeted shutdowns of power grids, entire regions might lose the ability to transact on-chain. No power = no crypto. No internet = no network.
This is where Bitcoin’s decentralized nature helps—it doesn’t rely on any single location. But if enough of the global infrastructure is damaged, the network could slow down drastically. Block times could drag. Fees could rise. Confidence could be shaken.
So how would all this affect price?
Initially, you might see a sharp surge. Fear and instability could push people into BTC as a hedge—just like gold. We could even see $100k+ Bitcoin briefly, especially if fiat currencies begin to fail or capital controls are enacted.
But as the realities of war set in, and if infrastructure is heavily damaged, price could crash again. Not because Bitcoin is broken—but because access to it becomes unreliable. If millions of people suddenly can’t access their wallets, or miners go dark, price and liquidity would suffer.
We could see violent volatility: huge spikes followed by harsh corrections.
During major wars, governments go into lockdown mode. They want to control money flow, prevent capital flight, fund military budgets, and squash dissent.
This means:
Seizing private assets
Freezing bank accounts
Imposing martial law-level regulations
Cracking down on privacy tools
Crypto would be a natural target. Expect massive regulatory pressure. Exchanges could be shut down. KYC rules would tighten. In some places, simply holding crypto could become suspicious or even illegal.
But at the same time, underground P2P markets might flourish. People would still find ways to use Bitcoin—quietly, carefully, and maybe even dangerously.
Bitcoin isn’t the only player here.
In a WW3 scenario, stablecoins like USDT or USDC might become digital lifeboats—a way to store and send value without banking systems. They’re already used this way in high-inflation economies or regions under sanctions.
However, they’re still centralized. If the issuer is targeted, or the U.S. government starts freezing wallets, those coins can become a liability.
CBDCs (central bank digital currencies) could be pushed hard by governments trying to regain control. A WW3 scenario might actually accelerate the rollout of these surveillance coins. And they’d likely be mandatory.
If control tightens, privacy coins could experience a major boom. Monero, Zcash, and similar projects might become the new underground currencies of war-torn regions and black markets.
But their use could also become criminalized quickly. It’s a double-edged sword: freedom vs. risk.
If the worst happens and we see a true global war, Bitcoin and their accepted stores will be tested in every imaginable way: technically, economically, socially, and politically.
Some coins will die. Some governments will fall. Some regulations will become suffocating.
But Bitcoin—if it survives—could come out of it stronger. Not just as an asset, but as a symbol of resistance, freedom, and post-war rebuilding.
Maybe, in the aftermath, people won’t trust fiat currencies anymore. Maybe they’ll seek something incorruptible. Maybe Bitcoin becomes the foundation of a new world economy.
Or maybe it just becomes another casualty.
Nobody knows.
But in the face of war, having permissionless access to value could mean the difference between escaping with something—or losing everything.
That’s why I still keep my keys safe.
Just in case.