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Analyst: Bitcoin may serve as a hedge against geopolitical uncertainty.
Zaye Capital Markets Analyst Naeem Aslam stated in a report that Bitcoin will benefit as investors seek to protect themselves from losses caused by geopolitical uncertainty. USA President Trump threatened on Thursday to impose sanctions on any entities purchasing oil from Iran. Aslam noted that Trump's 'aggressive foreign policy tone' adds a layer of uncertainty, which may enhance Bitcoin's appeal as a geopolitical hedge. He also pointed out that Trump's inner circle has become more publicly accepting of Bitcoin.
