After Iran shelled Israel on the night of April 14, the value of cryptocurrencies began to plummet. Bitcoin fell in price by almost 8%, however, as soon as the world becomes calmer, the cryptocurrency will rise in price again.
Galaxy Digital CEO Mike Novogratz wrote about this on Saturday, April 13, on social network X.
What forecasts does the expert make regarding the growth of the cryptocurrency rate?
The analyst noted that fighting wars is too expensive. He condemned the unfolding conflict in the Middle East and called on world leaders to take control of the situation to prevent a fall in the prices of all financial assets, in particular cryptocurrency.
Novogratz believes that if the situation stabilizes, then Bitcoin could reach a new record high.
"I pray that a clear-headed approach will prevail among all warring parties to avoid further development of a large regional conflict. The Middle East has good potential. It is painful to watch these tragic events. Once everything calms down, Bitcoin will restore its bullish trend," the Galaxy CEO wrote.
Cryptocurrency investor and analyst Mike Alfred also noted that Bitcoin could recover. On social network X, he talked about an investor he knew who, after a recent market crash, sold his bitcoins at a price of $61,600 per coin because he believed Iran was serious and did not rule out the possibility of a nuclear war. When Bitcoin recovered again to $65 thousand, the investor regretted his decision to sell the coins.
Let us remind you that before the Iranians struck Israel, the Bitcoin exchange rate, on the contrary, was growing rapidly. Analysts assumed that in the next three months the value of this cryptocurrency could rise to $140 thousand.
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