In a world where geopolitical tensions are as common as my neighbor’s cat stealing my mail, Bitcoin (BTC) exchange-traded funds (ETFs) have decided to throw a five-day party of inflows. Yes, you heard that right! While the Israel-Iran conflict rages on like a bad reality show, Bitcoin is over here raking in the cash like it’s Black Friday.
According to the ever-reliable Farside Investors, this streak of financial optimism kicked off on Monday, June 9, with a whopping $386 million flowing in. By Friday, they had managed to squeeze out another $301 million. In total, over $1.3 billion has waltzed into Bitcoin ETFs in just five days. Who knew financial markets could be so dramatic? 🎭
Now, let’s talk about Bitcoin’s price. It’s like that resilient friend who always bounces back after a breakup. Sure, it dipped about 3% after the Israeli airstrikes on Iran, but Coin Bureau founder Nic Puckrin chimed in with some sage advice:
“Over the long term, what matters most for Bitcoin is not geopolitics, it is the US dollar index (DXY), and the DXY has just broken below 100, its lowest level in over three years. It is clear USD is only going in one direction, and Bitcoin typically goes in the opposite.”
But wait! There’s a catch. If Iran decides to close the Strait of Hormuz, which is basically the world’s oil highway, we might see a price drop that would make your last Tinder date look like a success.
Closing the Strait would send energy prices skyrocketing, causing global markets to do the cha-cha. And with military strikes flying around like confetti, we might just be on the brink of a regional war that could send crypto markets into a tailspin. Who knew investing could be so thrilling? 🎢
Bitcoin holds steady despite recent geopolitical shock
“It is encouraging to see that after briefly dipping below $103,000, as $422 million in Bitcoin longs got liquidated, BTC has recovered to trade around $105,000,” Puckrin said on Friday. Talk about a comeback!
Bitcoin is now less than 6% away from its all-time high of $112,000 recorded on May 22. It’s like that underdog story we all root for, even if it’s just a digital currency.
This resilience has some analysts predicting a Bitcoin price rally that could launch BTC to new heights. It’s like watching a rocket take off, except this one is fueled by macroeconomic uncertainty, high government debt, and the crumbling of legacy financial systems. Who needs savings when you have Bitcoin, right? 💸
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2025-06-15 01:40