Bitcoin Rallies Above $71K —But Analysts Warn The Peace Is Only Temporary
Bitcoin climbed back above $71,000 after news of a conditional U.S.–Iran ceasefire tied to reopening the Strait of Hormuz. Bitcoin Bounces Back… For Now According to today’s QCP Market Colour, after the announcement of the ceasefire risk assets rallied, equities rose and oil cooled into the low-$90s. However, the report warns that all of this looks more like a temporary pause than a lasting resolution. Let’s not forget that, according to President Donald Trump himself, the ceasefire hinges on how Iran handles the Strait of Hormuz in the weeks ahead. 🚨 President Donald J. Trump makes a....
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Among global war, rampant inflation and threats to liberty, Bitcoiners found peace of mind despite an incredibly volatile 2021.
Bitcoin will ultimately “fix the money” and enable world peace, but we can bring this future about more quickly through contributions to the Bitcoin charity.