RATE Group | Bitcoin (BTC) Now Has Risk-Off Component After US-Iran Conflict: Crypto Analyst
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Bitcoin (BTC) Now Has Risk-Off Component After US-Iran Conflict: Crypto Analyst

27 Jan Bitcoin (BTC) Now Has Risk-Off Component After US-Iran Conflict: Crypto Analyst

Posted at 18:49h in Bitcoin News by

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Contents

  • Iran was a game-changer
  • Another test for BTC 

Prominent economist Alex Krüger has finally agreed that Bitcoin (BTC) now has a clear risk-off component, meaning that the top cryptocurrency can act as a safe-haven asset. In his tweet, Krüger conceded that the US-Iran conflict turned out to be “a game-changer” for BTC. 


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Iran was a game-changer


Prior to that, he would deny that the Bitcoin price can be influenced by global events such as the US-China trade war and the Iran military confrontation. 


As reported by U.Today, BTC would move in tandem with other macro assets such as oil and gold after every escalation of tensions between…

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