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Geopolitical Tensions May Drive Bitcoin Up, Russian Politician Suggests

  • Russian MP predicts that ongoing geopolitical tensions could increase demand for Bitcoin (BTC) and drive the price significantly higher.
  • Following Indian strikes on Pakistan, Bitcoin surged to $103k, with Ethereum (ETH) also rising to $2,350 and Solana (SOL) hitting $172.
  • Bitcoin's role as a safe haven during periods of political and economic uncertainty highlighted by the MP; potential use in international trade deals and dealings related to war.
  • Analyst predicts Bitcoin could reach $200k by year-end, revising earlier projection of $120k; inflow of Bitcoin seen through US Bitcoin Exchange Traded Funds (ETFs).

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