Rising Tensions in the Middle East Highlight the Need for a Haven Currency And Bitcoin Is Not It

Rising Tensions in the Middle East Highlight the Need for a Haven Currency And Bitcoin Is Not It

Shortly after the United States assassinated influential Iranian military leader Major General Qassem Soleimani in Baghdad, the price of bitcoin spiked alongside gold and crude oil. Bitcoin’s price leap was especially significant because gold and crude oil are considered safe havens that tend to attract investment in the wake of economically destabilizing events like the strike against Soleimani in Iraq.