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Cryptocurrency News Articles
Bitcoin Price Surges Past $100K as Geopolitical Tensions Rise: Investors Rush to BTC as Safe-Haven Asset
May 09, 2025 at 01:40 pm
Russian MP: Bitcoin is the New Gold in Global Conflicts: Anatoly Aksakov claims Bitcoin may already be used in cross-border military deals.
Bitcoin price experienced a major surge despite rising tensions between India and Pakistan following Pahalgam attack and India’s Operation Sindoor saw Chinese defense stocks soar with some gaining 20% on Thursday and 36% over two days.
However, the main highlight was Bitcoin price which breached the $100K target, trading at $102,758.
As Bitcoin’s price continues to climb amid increased tensions between India and Pakistan, investors are flocking to the flagship cryptocurrency, seeing it as a safe-haven asset in times of global conflict.
Bitcoin Price Jumps Above $100K Amid Geopolitical Tensions
With tensions escalating between India and Pakistan, and Chinese defense stocks seeing a significant rise—some gaining up to 20% on Thursday and 36% over two days—the spotlight is also on Bitcoin price.
The cryptocurrency recently surpassed the much-anticipated $100K target, trading at $102,758. As Bitcoin’s price continues to surge, the market sentiment is overwhelmingly bullish.
Investors are increasingly viewing Bitcoin as a secure investment amid growing global unrest.
Russian MP Links India-Pakistan Conflict to Bitcoin Demand
A key figure in Russia’s cryptocurrency policy, Russian MP Anatoly Aksakov, has suggested that geopolitical instability, like the ongoing war between India and Pakistan, often drives investors toward safe-haven assets.
He claims that in times of conflict, Bitcoin offers a discreet and efficient way to move money across borders, especially when traditional banking systems are blocked or under heavy scrutiny.
Aksakov went on to speculate that Bitcoin might already be used in some regions for military and weapons deals, though he refrained from naming specific countries.
In Aksakov’s view, Bitcoin acts much like gold—a store of value during times of political or economic uncertainty.
With India and Pakistan’s tensions intensifying, Aksakov believes that more individuals and institutions could turn to Bitcoin as a means of safeguarding their wealth in volatile times.
Bitcoin’s Growing Role in International Finance
Aksakov’s comments come at a time when Russia is increasing its involvement in the cryptocurrency space.
One of the main architects of Russia’s crypto policy, Aksakov has helped shape the country’s digital asset regulations.
Meanwhile, Russian banks and businesses are actively exploring crypto-based payment solutions, such as Promsvyazbank’s A7 platform, designed for international transactions and is particularly geared towards trade involving both civilian and military goods.
Aksakov’s remarks underscore Bitcoin’s evolving role not just as a safe-haven asset but also as a strategic tool in global finance.
With rising geopolitical tensions, such as the ongoing India-Pakistan conflict, Bitcoin could soon play a more prominent role in international financial systems, allowing for transactions that bypass traditional banking channels.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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