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Can anyone explain why bitcoin prices would depress based off of Russian War fears?

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This is one of the things that really doesn't make sense to me. One of the big points of crypto is that it isn't subservient to any one government.

With the Russia fears looming, we have seen large swings, and people are blaming fears of Russian invasion for being the cause, with some even warning that if they do invade, it would trigger a massive sell off. What I don't understand is why though.

Bitcoin's main point is that its not controlled by any one government. Its not a Russian asset that would become difficult to move. Its not linked to any nations currency, so inflation/deflation/embargoes wouldn't affect it. So can anyone elucidate for me?


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