The Geopolitics of Bitcoin | Part 1
A new nexus of geopolitics and technology
Over the past year, when a major geopolitical shock took place, the price of Bitcoin swung. In April, after Iran struck Israel for the first time in history, Bitcoin lost 8.2% of its value, falling to $61,619 (per Bitcoin). When Donald Trump won the US presidency, Bitcoin gained 8% in value, surging past $75,000 (a record at the time). Weeks later, after the US gave Ukraine the green light for deep strikes on Russia, the price of Bitcoin passed $94,000 for the first time.
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