Bitcoin Emerges as a 'Risk Aversion Tool' in the Middle East Amid Iran Conflict, According to BPI Analysis

The Bitcoin Policy Institute (BPI), a U.S. think tank, has pointed out that Bitcoin has increased its presence as a risk aversion tool in the Middle East and North Africa (MENA) region, triggered by the conflict surrounding Iran. In its analysis titled 'How Conflict is Changing Digital Asset Use in the Middle East,' published on the 4th, BPI discusses the changing role of cryptocurrencies in MENA. Traditionally, when conflicts intensify, capital tends to flow out of the region. However, a different trend was observed during the recent conflict in Iran. Instead of capital flowing out, a significant portion shifted towards cryptocurrencies. BPI notes that this movement reflects the increasing economic and geopolitical risks...