The Bitcoin price increased dramatically following news that US drone strikes on Iran have killed one of the nation’s top generals, Qassam Suleimani. Many commentators have quickly attributed the sudden surge of buying pressure to individuals using the digital asset as a hedge in times of heightened political uncertainty.
However, others have argued that it is much more likely that those buying Bitcoin today are merely speculating that the developments in the middle east will see significant amounts of people turn to Bitcoin as a safe haven store of value. One thing that is certain, the US drone strikes against Baghdad that killed Suleimani have created a lot of political uncertainty. This news has exacerbated an already tense situation between Iran and the United States.
Full source News here
(Not click campaign, just sharing information)
Some think of this as an escape way probabily, where investors sell their money to Bitcoin as for HODLing in case banks get blocked by the government or sanctions would be applied as well.
As stated here following the comments: https://twitter.com/PeterSchiff/status/1213113030231375872
These are mere speculations anyway so who knows what's the real reason behind such big growth in a small time window.
Or it could also be another fuzz / flow where circulating News brings more investors from the already on going pump.
Topic: Bitcoin grows by $7.6 Billion in few hours (Read 131 times)
Jump to: