Bitcoin To $140,00 In 50 Days? Bitwise Bets On War Rally
Bitwise Asset Management’s European research arm argues that the sharp sell-off that followed last week’s military escalation between Iran and Israel is likely to give way to a powerful relief rally in Bitcoin, echoing the cryptocurrency’s behaviour after earlier geopolitical shocks. In its 16 June weekly newsletter Bitwise Europe points to a “Chart of the Week” that lines up the twenty most significant geopolitical risk events since July 2010 and finds that, on average, Bitcoin was “up 31.2 percent fifty days after the event, with a median gain of 10.2 percent.” According to the authors,....
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