Bitcoin Could Act as Hedge Against Geopolitical Uncertainty -- Market Talk

Dow Jones
May 02

0736 GMT - Bitcoin stands to benefit as investors seek protection against losses stemming from geopolitical uncertainty, Zaye Capital Markets analyst Naeem Aslam says in a note. President Trump threatened sanctions on anyone who buys Iranian oil Thursday. His "aggressive foreign policy tone" adds a layer of uncertainty that could bolster bitcoin's appeal as a geopolitical hedge, Aslam says. Trump's inner circle is also embracing the cryptocurrency more publicly with Eric Trump and Donald Trump Jr. set to speak at the Bitcoin 2025 conference from May 27-29, he says. "Institutional appetite remains strong too: BlackRock bought $350 million in bitcoin, and Invesco's exchange traded fund saw $10.6 million in inflows just yesterday." Bitcoin rises 0.1% to $96,617 , according to LSEG.(renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

May 02, 2025 03:36 ET (07:36 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10