There has been a heated discussion recently about whether to hold Bitcoin or gold in a war. Let's take a look at what the Iranian people involved have done. Elliptic is a financial crime investigation company based in the UK, specializing in anti money laundering and counter-terrorism in the field of cryptocurrency compliance, so its authority is still high. In Figure 1, they monitored that after the first airstrike launched by the US Israeli coalition two days ago, the asset outflow of Nobitex, Iran's largest cryptocurrency exchange, surged sevenfold, which means that a large number of Iranians quickly transferred their assets through emergency withdrawals. As for gold, if the quantity is small, you can still stuff two gold bars into your anus and clip them out of customs. If the quantity is too large, whether you can move it or not, during wartime, if you carry a large amount of gold and flee, you will be confiscated and conscripted. In addition to these few days, as shown in Figure 2, there was also a surge in cryptocurrency outflows during the large-scale protests in Iran on January 9th.