The popular narrative is that crypto sells off when tension spikes. But $BTC is sitting at $73,900 and holding noticeably stronger than anyone expected given current instability.
Reports suggest capital in the Middle East is rotating from gold into Bitcoin. The reasoning is practical — you cannot carry gold bars when you need to move fast. Bitcoin solves that.
Two years ago this instability sends crypto into a sharp correction. Instead BTC absorbs pressure at $73,900. The market structure has changed.
Is this Bitcoin proving itself as a crisis asset, or are we reading too much into one data point during a volatile period?
https://i.redd.it/f6hwuq0gtvog1.jpeg
Posted by Crypto_future_V
4 Comments
I have never heard this. When USD is uncertain is when BTC has always gone big.
It did dump, down 57% since ATH
People that are in flight will use bitcoin and crypto it’s not a big surprise, what you gonna do put all your wealth into diamonds and gold and cash and try to fly out an airport or drive across countries and borders to escape a warzone or crisis? That’ll probably not end well
Lol coinbutt is about exactly where it was 5 years ago. And if you bought 6 months ago you’re down 40. Shut up.