How does all this translate for bitcoin? While central banks and governments outside of El Salvador have yet to emerge as significant purchasers of bitcoin, geopolitical uncertainty plays into bitcoin’s strengths as a non-sovereign backed store of value. Bitcoin probably won’t act as a hedge to a drop in S&P 500, something we’ve explored before, but as a hedge against major geopolitical events (see the section in BlackRock’s research), bitcoin tends to shine. NYDIG

https://image.nostr.build/2d6c0abe5a6fa7a794b31c2ba2c339fe9f86812e274ca729a814102ab574be47.jpg