$BTC Bitcoin Shows Strength as the World Fears a Third World War
The digital currency shows remarkable resilience in the area close to $100,000.
Following the attacks by Israel and the United States on Iranian territory, the world is watching to see what Iran's response will be.
Sergei Lavrov, the Russian Foreign Minister, stated that "the Third World War could be very close." The official of Vladimir Putin's government assured that liberally interpreting the right to self-defense would be "total chaos." There are two possible interpretations for this apparent strength. One of them is that the market is uncertain about what will happen. Will there be a conflict potentially qualifying as a "Third World War" or will it be something short-lived, as analysts from The Kobeissi Letter anticipate? Perhaps, if the war escalates to new magnitudes, BTC could experience greater declines. As CriptoNoticias explained yesterday, BTC would find next support near $96,000.
Another possibility is that the narrative of "digital gold" is taking hold and BTC is being perceived as a safe-haven asset. Perhaps investors are already massively understanding that the intrinsic properties of bitcoin (its scarcity, its resistance to censorship, etc.) do not change due to a war and, on the contrary, become more relevant.
