Replies to post #13924 on Bitcoin (BTCUSD)

[Strategyone]

Hey Mike,

Although there are many things that can move bitcoin in one direction or the other, it looks like there is a new correlation to world events. Just as the BTC price seemed to spike when first news hit of the Iranian bombing, the price dropped substantially when the President gave his speech. Basically, confirming the escalation has temporarily ceased as no casualties were incurred.

Now, I fully expect BTC to continue it's climb into the 5/20/2020 halving but this was interesting to see the short term reaction to world event uncertainty. I think this gives more credibility to BTC being considered more of a safe haven in uncertain market times. Just my thoughts.