Bitcoin is surging mostly because it has hit a new milestone in hash rate (overall computing power of the BTC network), it was going up before the news broke
strong, apparent bitcoin / war correlation. are people anticipating inflation? collapse of a foreign economy? something else?
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right, but there was a sudden tick up on news of the US strike, and a huge spike up today on news of the bombing. could just be a coincidence?
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Uusi keskustelu -
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It’s just the gold bugs with a new toy.
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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mostly stock to flow plus random variation
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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Cyber attack on US financial infrastructure. Good to have “real” assets in case of such an event.
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Frankly I doubt this has much to do with the short-term price movement, but it’s something I’ve thought about in terms of bitcoin’s value-add given the situation with Iran
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Uusi keskustelu -
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Most likely a security against volatile markets, just like how gold has shot up.
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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Isnt it because of using it as sanctions avoidance tool?
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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Think it's probably coincidence in a volitile and manipulatable asset (which if it happens enough can make a desired narrative "true" to enough people to become self fulfilling prophecy. Longer term it looked like crypto suffered during "risk off" periods before.
Kiitos. Käytämme tätä aikajanasi parantamiseen. KumoaKumoa
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Surprised people downplaying it so much. Assets change their behavior all the time. What we saw was BTC acting as some type of safe haven in this instance. If you gotta move your sht and quick, BTC looking like a battle tested real player after this incident.
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The real test is over the next few days to a week as things “calm down”. Another big move in a quiet period will confirm next direction of major trend
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Uusi keskustelu -
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