Bitcoin

The broader market is already in Extreme Fear (Fear & Greed 12), and this kind of narrative could further depress risk appetite, pushing investors toward safe havens. However, crypto is often seen as a hedge against geopolitical instability, so a second-order effect might be a slight uptick in Bitcoin demand if instability materializes.

UK Conservative leader Kemi Badenoch warned that conflict over identity politics could lead to civil war in the long term, in an interview for a BBC Radio 4 documentary titled 'England's Identity Crisis'.