Geopolitical tension boosts bitcoin's appeal, Bitwise says

Bitwise Chief Investment Officer Matt Hougan believes geopolitical uncertainty is enhancing Bitcoin's attractiveness as an investment. He noted that Bitcoin has demonstrated superior performance compared to both stocks and gold amidst recent conflicts, specifically mentioning the Iran situation. Hougan suggests that this trend could support Bitcoin's price, even positing a $1 million target as a potential baseline, reflecting a growing confidence in its role as a safe-haven asset in volatile global environments.