Expert: Geopolitical Tensions Drive Bitcoin's Recent Rise

James Butterfill, head of research at CoinShares, has highlighted the influence of geopolitical factors on Bitcoin's recent performance. According to NS3.AI, Bitcoin has increased by 6% since the onset of the Middle East conflict, despite a decrease in U.S. rate cut expectations to 23%. Butterfill emphasized the significance of this trend, noting that Bitcoin's rise has occurred alongside three consecutive weeks of net inflows into crypto-related products, indicating that institutions are maintaining their Bitcoin holdings amid the ongoing turmoil.