Recent days have seen a variety of analyst opinions regarding Bitcoin's future, particularly in light of global conflicts and economic conditions.
Analyst Opinions on Bitcoin
Mechanism Capital partner Andrew Kang stated on social media that it is difficult for Bitcoin to experience a correction of more than 30% in the short term. "The measures Trump took during the trade war period were an absolute bottom for Bitcoin," Kang said. He claims that current market conditions support Bitcoin's upward surge, and a deep correction is unlikely before the largest cryptocurrency reaches at least $140,000 to $160,000.
Geopolitical Risks and Their Impact on the Crypto Market
On the other hand, the threat of war between Israel and Iran has caused investors to stay away from cryptocurrencies. The fact that cryptocurrencies are seen as volatile and risky assets in times of uncertainty has triggered investors to turn to safer havens. The escalation of tensions between the two countries has also raised concerns that Iran could close the Strait of Hormuz in retaliation. According to the US Energy Information Administration, 20% of global oil transportation takes place through this strait. Iran's Supreme Leader Ayatollah Ali Khamenei vowed to retaliate against Israel in a message published on X, writing that the country "must be ready for a harsh punishment."
Conclusion
Thus, in light of analyst opinions and global conflicts, Bitcoin's future remains uncertain. Investors are closely monitoring fluctuations in the market and the geopolitical situation.
Amid instability and economic risks, the influence of global conflicts on cryptocurrencies can be significant, and future forecasts will depend on the political climate.
