The post India-Pakistan Conflict Will Fuel Bitcoin Price, Says Russian Politician Anatoly Aksakov appeared first on Coinpedia Fintech News
Bitcoin Price is experiencing a major surge despite rising tensions between India and Pakistan following the Pahalgam attack and India’s Operation Sindoor. Russian MP Anatoly Aksakov has boldly suggested that this geopolitical instability presents a perfect buying opportunity for Bitcoin, positioning it as a safe-haven asset during times of global conflict.
Bitcoin Price Jumps Above $100K Amid Geopolitical Tensions
As tensions escalate between India and Pakistan, Chinese defense stocks saw a significant rise, with some gaining up to 20% on Thursday and 36% over two days. However, the spotlight is on Bitcoin price, which recently surpassed the much-anticipated $100K target, trading at $102,758. As Bitcoin’s price continues to climb, 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
Anatoly Aksakov, a key figure in Russia’s cryptocurrency policy, stated that geopolitical instability like the India-Pakistan war often drives investors toward safe-haven assets such as Bitcoin.
He suggested 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 even speculated 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. As one of the main architects of Russia’s crypto policy, Aksakov has helped shape the country’s digital asset regulations. Russian banks and businesses are actively exploring crypto-based payment solutions, such as Promsvyazbank’s A7 platform, designed for international transactions.
This platform 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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