"Similar setup to the pre-financial crisis...signs Bitcoin may be poised to rise"

As global financial markets are being rattled by rising geopolitical tensions stemming from the Middle East, an analysis suggests Bitcoin (BTC) could enter an upswing. The view is that the current market structure resembles conditions just ahead of the 2008 financial crisis.

According to Wu Blockchain on the 3rd (Korea time), macroeconomic expert Jordi Visser said in an interview with Anthony Pompliano that "the current weakness in financial stocks could be a signal that Bitcoin is preparing for a breakout," adding that "market conditions are showing a similar pattern to the period before the 2008 financial crisis."

Visser pointed in particular to the recent outflows from the private credit market in the United States. He projected that "if widening credit spreads and weakness in equity markets appear at the same time, the likelihood of central bank intervention increases," and that "if substantial liquidity is injected in the process, buying interest could flow into risk assets such as Bitcoin."

He also said that as geopolitical uncertainty grows—such as tensions in the Middle East—funds moving into stablecoins (cryptoassets whose value is pegged to fiat currencies) is another basis for viewing the situation as a sign of a looming financial crisis. Visser stressed that "capital flocking to stablecoins means rising demand for dollar-based safe assets," and that "this indicates the market is in an unsettled state."