Bitcoin’s Two Use Cases Are Fueling Its Surge During Geopolitical Turmoil

Bitcoin’s latest rally is defying a long-standing market assumption – that the cryptocurrency behaves like a risk asset during geopolitical crises. The world’s largest digital asset climbed to nearly $75,000, its highest level in almost a month, even as tensions in the Middle East escalated. While traditional markets wavered, Bitcoin moved in the opposite direction. According to Matt Hougan, the mov…