Recently, the situation in Greenland has heated up, with Denmark's Prime Minister even making extreme statements such as "NATO may disband." This is no longer just diplomatic rhetoric. Usually, when such geopolitical risks escalate, global financial markets respond accordingly, and the crypto space is no exception.

Why are geopolitical turmoil and crypto assets linked? The key lies in the word "trust." The NATO system has supported the post-war Western financial order. Once this pillar wavers, the credibility of fiat currencies will be questioned, and capital will naturally seek safe-haven opportunities. Decentralized assets thus become an option, but this also means they can experience severe volatility due to market panic.

Looking at past data makes this clear. On the day the Russia-Ukraine conflict broke out in 2022, the S&P 500 dropped 3% in a single day, and Bitcoin fell over 8%. By June 2025, during Israel's airstrike on Iran, Bitcoin declined nearly 5%, while mainstream coins like Ethereum and Solana dropped over 10%, with 240,000 traders forced to liquidate their positions that day. These are not coincidences but market responses reflecting risk expectations through actual actions.

The uniqueness of the Greenland incident lies in the fact that it marks the first clear signs of military confrontation among NATO member countries. If the conflict truly escalates, the impact will far exceed that of a localized war. Crypto investors should indeed pay attention to market movements and manage risks accordingly during this period.