Bitcoin News

Story: Bitcoin Eyes Rally Despite Global Chaos

By Evie Vavasseur

1 / 15

Bitwise Asset Management sees big gains coming. The crypto investment firm dropped its latest take on March 2, saying Bitcoin could surge even as geopolitical mess spreads across…

2 / 15

Markets are pretty wild right now. Tensions keep building between major powers, and that's making everything from stocks to bonds swing hard.

3 / 15

Bitcoin was trading around $45,000 on March 2.

4 / 15

Hougan said the current price level could work as a launching pad if history repeats itself. "We've seen this movie before," he told reporters.

5 / 15

Bitwise Europe also weighed in, noting how Bitcoin tends to move when geopolitical stuff heats up.

6 / 15

Trading volumes tell the story too. CoinMarketCap data showed Bitcoin volume jumped 15% compared to the previous week, suggesting traders are positioning themselves for something…

7 / 15

Hunter Horsley, Bitwise's CEO, made the case that Bitcoin's track record during tense periods speaks for itself.

8 / 15

Big money is taking notice. Several hedge funds and asset managers have reportedly bumped up their Bitcoin allocations recently, according to sources familiar with the moves.

9 / 15

Central bank policies could make things even more interesting. As governments respond to global tensions, monetary policy changes might push more investors toward Bitcoin.

10 / 15

Inflation fears are building too. Paul Tudor Jones, the billionaire investor, restated his Bitcoin bullishness on March 1, calling it a solid inflation hedge.

11 / 15

Network activity backs up the bullish talk. Chainalysis reported a 10% increase in Bitcoin network activity over the past week, showing both retail and institutional interest is…

12 / 15

Glassnode data from March 1 showed large Bitcoin holders have been accumulating more coins, suggesting smart money is preparing for potential moves.

13 / 15

But things aren't guaranteed. The geopolitical landscape changes fast, and Bitcoin remains volatile despite its recent stability.

14 / 15

Bitwise keeps monitoring developments as they unfold. The firm is actively tracking how ongoing tensions might impact Bitcoin, looking for both opportunities and risks.

15 / 15

Other analysts haven't weighed in publicly yet. Reached for comment, several major investment firms didn't respond by publication time.

The Currency Analytics

Want the full story?