Disclaimer:

Disclaimer: The blog posts and comments on this blog and posts on social networks are not investment recommendation, are provided solely for informational purposes, and do not constitute an offer or solicitation to buy or sell any securities. The opinions expressed on the blog are Petar Posledovich's. Petar Posledovich does not guarantee the accuracy of the information presented on this blog and social networks. The information presented is "as is". The blog is stocks analysis and valuation, Bitcoin, Cryptocurrencies, Artificial Intelligence, AI, deep-learning focused. Independent, unbiased AI insights. Petar Vladimirov Posledovich is not liable for any investment losses incurred by reading and interpreting blog posts on this blog and posts on social networks. Conflicts of interest: I may possess some of the securities, currencies or their derivatives mentioned in the blog post and posts on social networks! The blog is property of Wolfteam Ltd. www.wolfteamedge.com Respectfully yours, Petar Posledovich

Saturday, November 4, 2023

Can War Times Spur Bitcoin's Price Growth?


Currently, the world is seeing wars in two larger regions - Eastern Europe with the Russia Ukraine conflict and Middle East with the Israel Hamas armed conflict.

Bitcoin is starting to act as a safe haven in times of war along with oil and especially gold.

Bitcoin is perceived as safe harbor from government meddling and interference and thus Russian, Ukrainian, Israelis, Palestinians and people from Eastern Europe and the Middle East are increasingly using Bitcoin and cryptocurrencies as a store ow wealth and means to transfer money.

Free from government intervention, there is a 40 % probability, according to Wolfteam Ltd., that Bitcoin's price could go up to 50 000 USD in the short-term influenced by individuals' search for safe haven in times of economic and political upheaval.

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