Analysts stated that the wars and macroeconomic uncertainty highlighted Bitcoin (BTC) as a safe haven again.
Analysts are concerned about global financial uncertainty and Palestine-Israel Based on the war, Bitcoin current commented on the situation.
of Bitcoin 2019Since its origin in a superior technology and as an investment tool safe harbor structure Analysts, reminding us that they presented it, argued that the anxious days we are in have brought this narrative to the fore again.
Especially in times of war and financial crisis like this, investors turn to Bitcoin just like they do to horses. to which one can turn with great appetite emphasized.
The research firm that made a statement on the subject BIT Mining chief economist Youwei Yangincreasing worldwide unrest And uncertainty of the atmosphere He stated that Bitcoin works in his favor with the following statements:
Bitcoin is more user-friendly, stable and global than some fiat currencies, especially during geopolitical conflicts and sanctions. In other words, as unrest and uncertainty in the world increases, the value of Bitcoin increases. This is a sad truth.
many countries of fiat currency It is not as strong as the dollar and cannot be exposed to such crisis environments. serious depreciation Emphasizing that he can live, Yang said that at this point Bitcoin stands out He expressed it with these words:
Some are wary of relying too much on the US dollar and economic policies, and this is where Bitcoin shines.
The name that offers a different perspective on the subject is also Sei Labs Founding Partner Jeff Feng happened. Feng through the atmosphere of uncertainty Dow Jones And Russell 2,000 traditional indices such as crashed, but Bitcoin faced this situation. more resistant stated that:
When you juxtapose Bitcoin’s resilience with declines in stock market indices, the narrative that Bitcoin serves as a potential hedge in turbulent times, similar to gold, gains prominence.
According to CoinGecko data, in the last 24 hours 3.6% increase Bitcoin exhibiting, at the time of writing from $27,803 finds buyers.