Russian MP Anatoly Aksakov Predicts Bitcoin (BTC) Price Surge Due to India-Pakistan Tensions

Russian politician MP Anatoly Aksakov has predicted a surge in Bitcoin value because of growing geopolitical tension between India and Pakistan.

Anatoly Aksakov, a Russian politician and MP, predicts a surge in Bitcoin value due to growing geopolitical tension between India and Pakistan. According to Aksakov, Bitcoin and Gold act as safe-haven assets during conflicts, which drives up their demand and usage.

Speaking on the topic of geopolitical tension and its impact on the cryptocurrency market, Aksakov explained that warring entities usually turn to Bitcoin when paying for weapons supply schemes. While Aksakov acknowledged such developments spur interest in cryptocurrency, he noted the United States still has the biggest impact on Bitcoin due to its large number of users residing there.

For context, India on May 7 started its fightback against terrorists from Pakistan with “Operation Sindoor” in retaliation to a terrorist attack in the city of Pahalgam, two weeks earlier. Twenty-six people died in the attack, including one Nepalese citizen.

The Indian Ministry of Defense said it named the military operation to honor the women who lost their husbands in the attack. Sindoor is the traditional red powder women apply on their forehead as a dot to denote marriage in Hinduism.

Following the announcement, the Indian Ministry of Defense confirmed it had struck nine targets in Pakistan linked to organizing and coordinating terrorist attacks against India. Sources in India reported that the attacks have neutralized 17 terrorists, leaving about 60 others with injuries. However, contrasting reports from Pakistan claim Indian Air Force strikes killed 26 people and left another 46 with injuries.

Meanwhile, Bitcoin regained its bullish momentum climbing above $100,000 for the first time since the beginning of February 2025. The cryptocurrency surged over 7% on Thursday, dragging along the rest of the crypto market, with nearly all top cryptocurrencies recording significant gains.

BTC traded for $103,119 at the time of writing, according to data from TradingView. Reclaiming the $100,000 support connotes a significant move that could return bullish momentum to the Bitcoin market, a development that analysts expect to trigger another bull run and potentially lead to a new BTC all-time high.