CandleFocus ? BlackRock Reveals When Bitcoin Price Will Recover For Events Like Iran-Israel Incident – Here’s The Expected Date
2024-10-02
Author: Content Editor
Asset management giant BlackRock has stated that the recent decline in Bitcoin's price following Iran's attack on Israel was to be expected. However, the company remains optimistic, as Bitcoin has historically recovered from geopolitical events and has often experienced double-digit price increases in the following 60 days. BlackRock encourages investors to maintain a modest allocation to Bitcoin as a hedge against geopolitical risks, and predicts a potential price recovery by November 30.
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