The first (half) week for Bitcoin in this new year and decade is now. And so we can now look back on a glorious and exciting the last decade. This was by far THE decade for the digital Asset to BTC. No other assets of value came at the price development of Bitcoin, and some could benefit from it. One of them is the billionaire Mike Novogratz, one of the biggest proponents of the digital currency.
To match the current developments in Iran, has expressed Novogratz now. The billionaire looks at the Situation as a positive for Bitcoin. According to his analysis, Gold would benefit greatly. This is the start of another successful decade for Bitcoin?
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Bitcoin as the winner of the Iran mess?
Mike Novogratz is one of the most well-known and appreciated personalities in the Crypto-field. The CEO of Galaxy Digital in Interviews again and again, its a very bullish view on Bitcoin through. No wonder, if he even has his own company in the Crypto-Space and solid in the digital Asset is invested.
Via Twitter, the billionaire and former Goldman Sachs employees are said now to the current Situation in Iran in relation to Bitcoin. According to Novogratz, the Chaos that could have an impact in the Middle East a positive effect on the price of Bitcoin. So he tweeted:
The more I analyze this Iranian Situation, the more bullish I am on Gold, and Bitcoin.
The more I analyze this Iranian situation, the more bullish for gold and $btc I become.
— Michael Novogratz (@novogratz) January 5, 2020
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A possible US withdrawal from Iraq as the cause
But why should that be so? Mike Novogratz explains his bullish views on the current developments in Iran and came to the conclusion that the Situation in the Middle East is unstable, which could lead to more volatility in the markets. From the past we know that many investors, especially in such times, to the value of stable assets such as Gold.
Since Bitcoin is known due to its conservative monetary policy of a maximum of 21 million Coins, and the fixed inflation rate, as well as a high Stock-to-Flow-value as a digital Gold, it is reasonable to assume that BTC of instability in the world politics also could benefit. Specifically, posted Novogratz:
Iraq will expel the US troops. Iran will have more influence on the Iraq, what you’ve always wanted. Saudi (Arabia) is not in the Situation to want a conflict. The Middle East is less stable. That means more volatility.
Already last week it was reported about higher Bitcoin rates in Iran of up to $ 24,000 USD. This speculation turned out however as wrong. Also, if you are not happy about military conflicts just, it would be for most BTC Fans a fly in the ointment, if at least the Bitcoin could benefit the course.
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