Bitcoin To $140,00 In 50 Days? Bitwise Bets On War Rally

Bitwise Asset Management’s European research arm argues that the sharp sell-off that followed last week’s military escalation between Iran and Israel is likely to give way to a powerful relief rally in Bitcoin, echoing the cryptocurrency’s behaviour after earlier geopolitical shocks. In its 16 June weekly newsletter Bitwise Europe points to a “Chart of the Week” that lines up the twenty most significant geopolitical risk events since July 2010 and finds that, on average, Bitcoin was “up 31. 2 percent fifty days after the event, with a median gain of 10. 2 percent source: https://www.newsbtc.com/bitcoin-news/bitcoin-to-14000-in-50-days-bitwise/