Have you ever noticed that increasing global conflicts have a positive impact on Bitcoin?
I may be wrong, but according to my little study, every time there is an increase in tension somewhere in the world, unlike the rest of the markets worldwide, Bitcoin goes up as if investors now do not see any other safer investment option.
Yeah I have seen volatility happen during events in history, as you say people may feel safer keeping their funds in bitcoin.. or sell to have fast cash on hand.. it can go both ways.