RATE Group | Bitcoin Is Becoming More Valuable to Iranians Amid Tensions With US
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Bitcoin Is Becoming More Valuable to Iranians Amid Tensions With US

12 Jan Bitcoin Is Becoming More Valuable to Iranians Amid Tensions With US

Posted at 02:57h in Bitcoin News by

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Earlier this week, the world’s flagship crypto asset saw its value surge from around the $8,000 mark to just over $8,430 within an hour’s time. This latest price action came after the Iranian government decided to launch a missile attack on an Iraqi military base housing American troops.

However, it bears mentioning that Iran’s actions were prompted by United States President Donald Trump’s decision to eliminate Iranian general Qassem Soleimani — a controversial figure in the West but loved by the masses in his home country.

The overall value of Bitcoin (BTC) is now up by around 15% this year, but since President Trump recently downplayed the situation in Iran at a White House press conference — saying that the Middle Eastern power is ready to stand down — the currency’s price slid back down to under the $8,000 mark.

With that being said, a whole host of prominent figures, including Galaxy Digital’s Mike Novogratz and Digital Asset Capital Management’s Joshua…

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