During the Weekend of the Iran Attack, Cryptocurrency Market Becomes 'The Only Market'

As Markets Close, Cryptocurrencies Fill the Void

On February 28, amidst the early morning Iran attack, Matt Hougan, CIO of the U.S. cryptocurrency asset management firm Bitwise, released a memo titled 'The Weekend That Changed Finance', detailing the role played by the cryptocurrency market.

President Trump announced the attack at 2:30 AM Eastern Time, a period when U.S. stock and futures markets, major foreign exchange markets, and European and Asian markets were all closed. Traditionally,...