"Bitcoin (BTC), Long-term Bullish Outlook Amid Escalating Global Conflict"

JH Kim

Summary

There is an analysis that geopolitical conflicts could create a favorable long-term environment for Bitcoin (BTC).
Mitil Thakore explained that rising inflation, increased fiscal spending, monetary easing, and soaring commodity prices may work in favor of Bitcoin.
The outlet reported that the current structure of Bitcoin holdings is being reorganized around Western institutions.

With tensions escalating between Israel and Iran, an analysis suggests that heightened geopolitical stress could create a favorable long-term environment for Bitcoin (BTC).

According to cryptocurrency-specialized media outlet Cointelegraph on the 17th (local time), Mitil Thakore, co-founder of Velar, stated, "Geopolitical conflicts heighten the potential for long-term global inflation," and added, "This, combined with increased fiscal spending, monetary easing, supply chain disruptions, and soaring commodity prices, may work in Bitcoin’s favor."

The outlet further reported, "When evaluating how Bitcoin responds to conflicts, key variables include the level of cryptocurrency adoption, exposure and correlation to traditional financial markets, and geographic accessibility," adding that "countries adjacent to conflict zones tend to experience greater losses and higher volatility, while the current structure of Bitcoin holdings is being reorganized around Western institutions."