21Shares Strategist: Geopolitical Tensions May Boost Bitcoin Rise

According to market news, 21Shares strategist Matt Mena stated that the recent rebound in Bitcoin indicates that escalating geopolitical tensions are driving investors towards cryptocurrencies. He noted that Bitcoin is increasingly being viewed as a "neutral" reserve asset, on par with traditional safe-haven assets like gold and silver.

Bitcoin fell over 6% last year, but historically, it has never experienced two consecutive years of decline, which provides a basis for this year's Bitcoin increase.