Bitcoin as Safe Haven Narrative is Tested Again After U.S. Strike in Iran

The popular oft-debated narrative of Bitcoin (BTC) as a safe haven is being tested yet again, following the U.S. strike in Iran.

Iranian Major-General Qassem Soleimani, head of the elite Quds Force, and Iraqi militia commander Abu Mahdi al-Muhandis were killed in an air strike on their convoy in Baghdad airport by the U.S. airstrike late on Thursday, reports Reuters. Veteran war-zone correspondent and political analyst Elijah J. Magnier posted a Twitter thread saying, among other things, that Iran decided to respond to the assassination directly, that the U.S.’s moves are uniting Iraq and Iran against it, that all U.S. high-ranking personal could be potential targets for retaliation, and that Muqtada al-Sadr (an Iraqi Shia cleric, politician and militia leader) has given an order “to indicate his readiness for war against the US in Iraq.” Iranian…