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?
strong, apparent bitcoin / war correlation. are people anticipating inflation? collapse of a foreign economy? something else?
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It’s just the gold bugs with a new toy.
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mostly stock to flow plus random variation
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Coincidence. BTC failed to make new lows over the past month. Failure to make new extremes in one direction generally leads to a test of the other side. In this case, up.
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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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Most likely a security against volatile markets, just like how gold has shot up.
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Isnt it because of using it as sanctions avoidance tool?
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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.
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