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International Business Times UK
International Business Times UK
Akshay Puri

Will Bitcoin Crash? Economist Warns BTC Could Still Hit $0 Amid $70K Rally

Bitcoin Donald Trump Iran Steve Keen United States Mike McGlone Cryptocurrency Hezbollah Middle East the Middle East
Bitcoin surged past $70K amid geopolitical relief, yet economists warn the cryptocurrency could still face sharp risks. (Credit: Strategy)

For a brief moment this week, sentiment in global markets improved.

Bitcoin surged on Tuesday, reaching a weekly high of nearly $72,700 after reports of a temporary ceasefire between the United States and Iran. The two-week truce eased fears of a wider conflict in the Middle East and raised hopes that shipping lanes through the Strait of Hormuz could remain open without disruption.

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