Tag: iran conflict

Recent geopolitical tensions have escalated even further, particularly after last night’s US airstrikes in Iran. As a consequence, investors are wondering if Bitcoin has shattered its status as a safe-haven asset. Bitcoin proponents point to its decentralized infrastructure as the thing that will make it the ultimate safe haven amid...

Bitcoin, repeatedly promoted as a safe-haven asset, has this week shown its mettle amid soaring geopolitical tension. The cryptocurrency fell below $99,000 temporarily after reports of U.S. and Israeli bombing of Iranian nuclear sites. Yet, it immediately recovered and shot back up over $101,000. This rapid recovery prompts the question:...