21Shares Strategist: Geopolitical Tensions May Drive BTC Price Higher

Odaily News According to Matt Mena, a strategist at 21Shares, the recent rebound in BTC indicates that geopolitical tensions are driving investors towards cryptocurrencies. Matt Mena pointed out that BTC is increasingly being viewed as a neutral reserve asset, alongside traditional safe-haven assets like gold and silver. BTC fell by over 6% last year, and given its historical pattern of not experiencing consecutive annual declines, this supports expectations for a price increase this year. BTC is currently trading at $93,748, down 0.3%, after hitting a seven-week high of $94,725 on Monday.