Bitcoin Hits $107,000 as Geopolitical Crises Hit F
Bitcoin Hits $107,000 as Geopolitical Crises Hit Fever Pitch and Gold Remains a Hedging Asset for Portfolios
The price of Bitcoin has shattered many records in recent years, and has just hit $107,000 with momentum building around geopolitical conflicts. Gold, meanwhile, is up 90% since June 2020. Early investors of Bitcoin have made a lot of money, leaving behind new investors who may be wondering whether the price will continue to rise. Traditional investors use Bitcoin to hedge against global conflicts. As with Gold, Bitcoin can measure long-term value, with the added benefit of cutting-edge cryptography to secure a wallet address. Gold may be primed for a new high if the price breaks $3,400 per Troy ounce. The Israel-Iran conflict may have provided a new reason for investors to hedge their portfolios with Bitcoin or Gold. There has occurred a sharp escalation of conflict in the Middle East, with .
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