Bitcoin Shoots For $8,500 Amidst Iraq’s Attack of U.S. Military Base

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It has been posited that Bitcoin’s rise should be attributed to the tensions between the two countries. Days ago, the U.S. government released a statement confirming that it killed Iranian General Qassem Soleimani in an airstrike.

The timing of Bitcoin’s rise supports the idea that the coin is the perfect hedge against fiat. As tensions continue to build, the world is in fear of a third world war. Even though that might be an exaggeration, the possibility that fiat will deteriorate in response is possible. If that happens, Bitcoin just might be the right response.

Bitcoin has however fallen and is currently just a little over $8,100.

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