Bitcoin Is Back Above $100K And India-Pak Conflict Became Its Bullish Catalyst
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Bitcoin clears $100K as India–Pakistan conflict fuels safe-haven demand across global markets Aksakov claims BTC demand rises in wartime for arms deals and as a store of value during unrest Operation Sindoor reignites regional tension as Bitcoin gains over 7% and leads crypto rally Russian politician MP Anatoly Aksakov has predicted a surge in Bitcoin value because of growing geopolitical tension between India and Pakistan. According to Aksakov, Bitcoin and Gold act as safe-haven assets during conflicts, which drives up their demand and usage. According to the renowned politician, warring entities usually turn to Bitcoin when paying for weapons supply schemes. While Aksakov acknowledged such developments spur interest in cryptocurrency, he noted the United States still has the biggest impact on Bitcoin due to its large number of users residing there. India-Pakistan Tensions Mount with “Operation Sindoor” For context, India on May 7 started its fightback against terrorists from Pakistan with “Operation Sindoor” in retaliation to a terrorist attack in the city of Pahalgam, two weeks earlier. Twenty-six people died in the attack, including one Nepale… The post Bitcoin Is Back Above $100K And India-Pak Conflict Became Its Bullish Catalyst appeared first on Coin Edition .
Source: Coin Edition
