21Shares Strategist: Geopolitical Tensions Could Boost Bitcoin Prices

GateNews
BTC-0,34%

ChainCatcher News, according to market sources, 21Shares strategist Matt Mena stated that the recent rebound of Bitcoin indicates that escalating geopolitical tensions are driving investors toward cryptocurrencies. He said that Bitcoin is increasingly seen as a “neutral” store of value, standing alongside traditional safe-haven assets like gold and silver.

Bitcoin fell over 6% last year, but historically, it has never experienced two consecutive years of decline, which supports the case for Bitcoin’s rise this year.

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