The crypto and traditional markets face an intriguing question: are they actually pricing in the mounting geopolitical risks? Recent tensions across multiple regions suggest investors might be underestimating the long-term implications. Bitcoin and other major assets have shown some volatility during geopolitical flare-ups, yet the correlation remains inconsistent. Some analysts argue markets tend to react emotionally in the short term before settling into a new equilibrium. Others contend that real estate, commodities, and crypto are still mispricing tail risks. The challenge lies in distinguishing between noise and signal. When sanctions tighten, energy markets spike, and currency volatility surges, decentralized financial instruments often benefit from flight-to-safety dynamics. Yet this pattern doesn't hold universally. The question becomes: will major market participants finally build geopolitical hedges into their portfolio allocations, or will we continue seeing delayed price discovery? Understanding this relationship matters for traders positioning across equities, bonds, and digital assets.