#CryptoStocks

The Double-Edged Sword of Decentralization

That has opened a new discussion channel about cryptocurrency’s potential influence in global affairs and the expected reaction pattern of interested parties. While crypto proponents consider the technology’s decentralization attribute a plus, it could pass as a dangerous phenomenon, considering the security threat it could pose, as alleged by the propagators of the Nobitex hack.

Nonetheless, the technology’s stability amid the ongoing chaos is attracting global attention. It highlights the industry’s growth and how much cryptocurrency can compete with established national currencies like the US dollar.

Related: Crypto vs Conflict: Bitcoin Price Dips as US–Iran Rumors Escalate

TradingView’s data show that Bitcoin traded for $104,992 at the time of writing, remaining within the same range since the Israel-Iran war escalated. Such stability makes the cryptocurrency an attractive haven as investors remain uncertain about the potential dimension the crisis could take in the coming days and weeks.

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