Analyst: Since the US-Iran conflict broke out, Bitcoin has been one of the best-performing macro assets
BlockBeats News, March 13, CoinDesk analyst James Van Straten published an article stating, "Bitcoin Breaks $71,500, Outperforms U.S. Stock Market. Despite a stronger dollar, high oil prices, and the U.S.-Iran conflict entering its third week. A stronger dollar could tighten the global financial environment, typically putting pressure on risk assets such as stocks and cryptocurrencies. Rising oil prices have intensified inflation concerns and raised market expectations for interest rate hikes. Rising rates would also diminish the attractiveness of such investments. Bitcoin continues to show resilience, remaining one of the top-performing assets among macro assets since the U.S.-Iran conflict erupted."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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