Bitcoin Jumps 4% Following Iran Airstrike, Safe Haven Asset?

The recent U.S. airstrike in Iran pushed the price of Bitcoin up 4%, along with gold and oil. Further possible conflict in the region could drive BTC’s price even higher, affirming its role as a safe-haven asset.

The U.S. Department of Defense issued a press release announcing an airstrike late Thursday that killed Qasem Soleimani, the leader of the Islamic Revolutionary Guard Corps-Quds Force, a Foreign Terrorist Organization as designated by the United States. Immediately following the strike, the price of oil and gold ⁠— traditionally seen as safe-haven investments — jumped, while traditional markets took a hit.

However, oil and gold weren’t the only assets to benefit. Within two hours of the press release, Bitcoin shot up 4.1%, from $6,945 to $7,230. Read More...

Bitcoin safe heaven asset
Bitcoin Jumps 4% Following Iran Airstrike

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