๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐๐ถ๐ฝ๐ ๐๐ฒ๐๐ฝ๐ถ๐๐ฒ ๐๐น๐ผ๐ฏ๐ฎ๐น ๐ง๐ฒ๐ป๐๐ถ๐ผ๐ป๐ ๐๐ ๐ฝ๐ฒ๐ฟ๐๐ ๐๐น๐ฎ๐บ๐ฒ ๐ฃ๐ฎ๐ป๐ถ๐ฐ ๐ฆ๐ฒ๐น๐น๐ฒ๐ฟ๐
Bitcoin is down nearly 7% this week โ falling from $112K to $105K, even as Iran tensions and U.S. airstrikes push global markets into chaos.
Many expected Bitcoin to rise as a "safe haven" asset, but it didnโt. And experts say this shows many traders still donโt fully understand Bitcoinโs purpose.
๐ Why Did Bitcoin Drop Instead of Pump?
๐ฌ Will Heckman, Chief of Staff at TheStreet Roundtable, says:
โWhen currencies or governments are in chaos, Bitcoin should be rising. Those who sold in panic clearly donโt understand Bitcoinโs value.โ
Meanwhile, gold did rise during the tensions โ a typical reaction in crisis. So the big question is:
Why isnโt Bitcoin acting like digital gold yet?
๐ฌ Chris Smith, VP of Strategy at Roundtable, asks:
โIf gold pumps in war, why doesnโt Bitcoin? It makes no sense.โ
Heckman argues that Bitcoin should act like gold, but the market is still learning how to treat it.
๐ Is the Bull Run Over?
Not necessarily.
Bitcoin has dropped before โ even 30% pullbacks in past bull runs โ and then hit new all-time highs.
๐ฌ Heckman says:
โWeโre still far above the last bull cycleโs peak of $70K. Unless a major black swan hits, weโre more likely to go up than crash further.โ
He believes this dip is normal bull market behavior โ not the start of a bear market.
๐ง Key Takeaways for Traders
โ Donโt panic sell during volatility โ know what you hold.
โ Bitcoin still follows emotions and macro news โ not always logic.
โ Dips like this have happened before and often lead to new highs.
โ Understanding Bitcoin as a non-government asset is key to surviving long-term.