BTC surged to $74,000 yesterday, but then dropped 3.5% within minutes due to the escalation of the situation in Iran.
This trend actually reveals an interesting contradiction—
while the market talks about "BTC being digital gold and a safe-haven asset," it behaves as fragile as tech stocks in the face of geopolitical risks.
However, if you extend the timeline, BTC has actually increased during the entire Middle East crisis. Daily fluctuations and trends are two different things.
The issue isn't whether "BTC is a safe-haven asset," but rather—what time frame you are looking at.
Most people panic on the daily chart but miss opportunities on the yearly chart. $BTC
This trend actually reveals an interesting contradiction—
while the market talks about "BTC being digital gold and a safe-haven asset," it behaves as fragile as tech stocks in the face of geopolitical risks.
However, if you extend the timeline, BTC has actually increased during the entire Middle East crisis. Daily fluctuations and trends are two different things.
The issue isn't whether "BTC is a safe-haven asset," but rather—what time frame you are looking at.
Most people panic on the daily chart but miss opportunities on the yearly chart. $BTC