The strong U.S. dollar, high interest rates, and tightening liquidity affect asset prices, thereby causing an economic cycle. This is the logic of asset appreciation and profitability. According to this, there will be no bull market in a high interest rate environment. However, in a war environment, the rise of gold and Bitcoin is not based on profit-seeking logic. Just imagine that when a war comes, people may be involved at any time. Who is in the mood to make a fortune at this time? All they can think about is the safety of life and property. At this time, interest rates It doesn't seem to work. You said he would deposit the money in the bank and earn high interest rates, or buy gold. War is definitely a matter between countries, just like when two strong men fight, would you put your ancient porcelain on them?