Bitcoin acts like a risk asset during Middle East conflicts due to market psychology and liquidity. Unlike safe-havens like gold, it’s driven by speculation, not crisis utility. When tensions rise—say, Israel vs. Iran—investors dump risky holdings, including Bitcoin, for cash or bonds. Its thin liquidity amplifies sell-offs, as seen in past events like the 2022 Ukraine invasion dip. Though pitched as “digital gold,” it’s treated more like a tech stock. Short-term, it tracks Wall Street’s risk-off mood, but prolonged unrest or fiat weakness could shift it toward a hedge role. (117 words)
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I just collected "Farcaster: Lion"
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True love is when you feel like you’ve found home in another person’s heart.
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