Bitcoin has shown resilience in the face of escalating tension between Ukraine and Russia, reaching an all-time high of $94,000. This behavior suggests that Bitcoin is maturing as a store of value and becoming a hedge against money printing and geopolitical risk. In the past, Bitcoin has experienced declines during geopolitical conflicts, but it is now being seen as a "lifeboat asset" that provides security during uncertain times. Despite a slight correction from its all-time high, Bitcoin is still up 1% in the past 24 hours, while gold has only gained 0.1%. The CEO of Swan Bitcoin believes that Bitcoin's recent ATH could solidify its position as a go-to asset for uncertain times.
BIS Report Questions Decentralization of Liquidity Provision in Uniswap Amid Institutional Dominance
US Treasury warns against using all cross-border payment systems that don’t align with its standards