CoinDesk Podcast Network

UNCHAINED: Bitcoin's Price Dropped After Iran's Attack on Israel. Is ‘Uptober’ Canceled?

Oct 4, 2024

André Dragosch, European Head of Research at Bitwise, dives into Bitcoin's market responses amidst rising geopolitical tensions. He discusses how historical events, like Iran's missile attack on Israel, affect Bitcoin's price and the potential buying opportunities that arise. André also examines Bitcoin's evolving role as a safe haven asset compared to gold, the impact of ETFs on market stability, and predicts Bitcoin's performance in light of upcoming U.S. elections. It's a thought-provoking look at crypto in turbulent times!

39:36

Episode guests

André Dragosch

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Geopolitical tensions in the Middle East led to short-term Bitcoin sell-offs, but historical trends suggest potential buying opportunities for long-term investors.

The upcoming U.S. presidential election could significantly influence Bitcoin's price, with different candidates potentially impacting market sentiment and volatility.

Deep dives

Introduction of Bluehost Cloud Hosting

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Intro

2min

Geopolitical Tensions and Bitcoin: Market Reactions to Conflict

5min

Bitcoin and Geopolitical Dynamics

6min

Bitcoin's Evolving Nature: From Risky Asset to Potential Safe Haven

4min

Bitcoin vs Gold: Portfolio Dynamics

12min

Cryptocurrency Industry News: SEC Battles, XRP ETF, and North Korean Infiltration

4min

Crypto Developments and Regulatory Shifts

8min

With geopolitical tensions rising in the Middle East, how does Bitcoin react to global risk events? And is ‘Uptober’ still on the table?

October started with hopes for “Uptober”—a positive price trajectory in October—in the Bitcoin community, since, historically, Bitcoin has performed well this month. But things took a turn when geopolitical tensions in the Middle East escalated, raising concerns about how that could affect Bitcoin’s price this month.

In this episode, André Dragosch, European Head of Research at Bitwise, talks about how Bitcoin typically responds to geopolitical shocks, whether this could present a buying opportunity, and how major events like the U.S. elections might shape Bitcoin’s future.

Show highlights:

How Bitcoin’s reacted to the geopolitical escalations
Why André believes this is a buying opportunity
How there was a macro capitulation after the beginning of the unwind of the Japan carry trade in August
Whether Bitcoin can truly act as a safe haven asset
How the clientele of ETFs have changed the market structure for Bitcoin
Whether ‘Uptober’ is canceled
How Andre expects Bitcoin will perform depending on the winner of the U.S. elections

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

Thank you to our sponsors!

Guest

André Dragosch, European Head of Research at Bitwise
Bitcoin as a Safe-Haven: Hedging Against Geopolitical Risks

Links

Previous coverage of Unchained on the recent market movements::
Investors Ditch Bitcoin, Scoop Up Gold, as Iran-Israel Tensions Escalate
$500 Million Liquidated From Crypto Markets Cools ‘Uptober’ Enthusiasm
Unchained:
Bitwise CIO Matt Hougan’s thread on how bitcoin & gold have performed
BlackRock’s bitcoin report

Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk.

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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CoinDesk Podcast Network

UNCHAINED: Bitcoin's Price Dropped After Iran's Attack on Israel. Is ‘Uptober’ Canceled?

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Introduction of Bluehost Cloud Hosting

Impact of Geopolitical Events on Bitcoin Prices

Bitcoin's Transition Towards Safe Haven Asset

Influence of U.S. Presidential Election on Bitcoin's Value

Get the Snipd
podcast app

AI-powered
podcast player

Discover
highlights

Save any
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CoinDesk Podcast Network

UNCHAINED: Bitcoin's Price Dropped After Iran's Attack on Israel. Is ‘Uptober’ Canceled?

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Introduction of Bluehost Cloud Hosting

Impact of Geopolitical Events on Bitcoin Prices

Bitcoin's Transition Towards Safe Haven Asset

Influence of U.S. Presidential Election on Bitcoin's Value

Get the Snipdpodcast app

AI-poweredpodcast player

Discoverhighlights

Save anymoment

Share& Export

AI-poweredpodcast player

Discoverhighlights

Get the Snipd
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