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
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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.
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