Bitcoin's value proposition as a hedge against economic uncertainty could be demonstrated as global unrest escalates.
With the escalation of global unrest and the growing macroeconomic uncertainty, analysts told The Block that the value of bitcoin is becoming more evident.
The economist emphasized that numerous countries lack a currency as robust as the US dollar and highlighted this as an opportunity being leveraged by the world's largest digital asset by market cap. "Some do not feel comfortable relying too heavily on the US dollar and its economic policies, that's where bitcoin shines," Yang added.
However, Feng cautioned investors to temper this perspective and keep in mind the asset's inherent volatility. "Bitcoin's volatility often sees its prices oscillate wildly in short spans, a characteristic not usually associated with the more stable gold," he added.
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