Forbes predicts that if the US vs Iran relations escalate in the most dramatic way, bitcoin (EXANTE: Bitcoin) has all chances to grow up to the Moon.
Forbes' contributor Clem Chambers claims that a possible war in the Middle East following up last night’s U.S. special operation in Baghdad will trigger the classic market catalyst.
"Longer-term, however, it is clear to see that in instances where there is trouble in capital controlled countries like Iran and China, bitcoin will be a key asset when times get sketchy," Chambers wrote.
At press time, BTC is trading at the $7352 mark and all other top-5 cryptocurrencies also feel pretty well.
Chart of the USD/BTC trading pair from EXANTE
Chambers convinced when the war in the Middle East is on the rise, then bitcoin is the right place to speculate.
Earlier iHodl reported that bitcoin educator, developer and entrepreneur Jimmy Song made his 2020 predictions.
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