INSUBCONTINENT EXCLUSIVE:
Bitcoin (BTC) exchange-traded funds (ETFs) recorded five days of consecutive inflows, despite the recent geopolitical turmoil caused by the
Israel-Iran conflict.According to data from Farside Investors, the streak began on June 9, with inflows of over $386 million and continued
through Friday, with an additional $301 million in inflows
In total, over $1.3 billion in capital moved into Bitcoin ETFs over the past five days.Bitcoin ETF inflow data from May 26 to June 13
Source: Farside InvestorsThe price of Bitcoin has proved resilient in the wake of the Israeli airstrikes on Iran, dropping by roughly 3% in
Coin Bureau founder Nic Puckrin said:"Over the long term, what matters most for Bitcoin is not geopolitics, it is the US dollar index (DXY),
and the DXY has just broken below 100, its lowest level in over three years
assets could see a significant short-term price drop if Iran chooses to close the Strait of Hormuz, a narrow waterway through which 20% of
the global oil supply passes.The Strait of Hormuz, the narrow waterway that transports 20% of the global oil supply
Source: Free World MapsClosing the Strait would cause a spike in energy prices, disrupting global markets
Retaliatory military strikes by both sides over the weekend threaten to spark a full-blown regional war that will impact crypto markets and
Friday.Bitcoin is only trading less than 6% away from its all-time high of $112,000 recorded on May 22, despite the ongoing geopolitical
tensions.Bitcoin price analysis
Source: TradingViewThis price resilience caused some analysts to forecast a Bitcoin price rally that could catapult BTC to new all-time
highs in the coming weeks and months.Bitcoin adoption continues to be fueled by ongoing macroeconomic uncertainty, high government debt,
geopolitical tensions, and the fracturing of legacy financial systems, which all erode savings, making the supply-capped asset an attractive
alternative for investors.This article does not contain investment advice or recommendations
Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Magazine: US risks
