Bitcoin will rise if there is a war between the US and Iran

by in Cryptocurrency News

Qasem Soleimani

Events across the world are affecting the price of BTC. The killing of Iranian General Qasem Soleimani is one of the events that make the market move.

As was expected, the oil jumped in price, and gold did so. But in nowadays world, there is a new safe asset - BTC. It rose in price for 5% in just one day. The global professionals reacted faster than the private traders, and it might be suggested this hike is the result of Middle Eastern retail piling into BTC as a flight to safety rather than the relatively non-existent institutional money.

Bitcoin has become a key asset in troubled situations in controlled countries like China and Iran.

Related: Bitcoin rises to a high of $30,000 in Iran

For those speculators who believe of gold and oil as the place to trade when the war in the Middle East is on the rise, then BTC is the place to be.