Bitcoin as a “sanctuary”: experts explain why the asset is rising amid tensions in Iran
Bitcoin surged above $76,000 and increased roughly 15% since late February, despite geopolitical tensions surrounding Iran.
Source Incrypted
While oil prices have jumped 40%, and stocks and gold have shown weak performance, BTC appears as a safe haven for capital, according to Bloomberg analysts.
The growth is driven by around $1.5 billion flowing into BTC-ETFs since early March, institutional investors actively buying the dips, and the closing of short positions easing market pressure.
Experts forecast that Bitcoin could reach $80,000 in the short term, although the upward momentum might weaken in the coming months.
Overall, Bitcoin’s rise amid escalating geopolitical uncertainty underlines its role as a defensive asset favored by institutional investors.
The future trajectory will depend on global political and economic developments, but BTC remains a key tool for risk hedging.
