Bitcoin Price Amid Geopolitical Tensions
Recently, Israeli airstrikes in Iran have raised concerns about potential market impacts, especially concerning Bitcoin. The situation, particularly regarding the Strait of Hormuz—which plays a crucial role in oil shipping—could significantly influence riskier assets.
Analysts mentioned on Friday that Bitcoin’s short-term price trends are closely tied to developments from today through the weekend in the context of the Israeli-Iran conflict. They noted, “The largest concern would arise if Iran were to close the Strait of Hormuz, which is responsible for transporting nearly 20% of the world’s oil. In such an event, oil prices could skyrocket, potentially causing a steep decline in other risky assets.”
On a more positive note, Puckrin emphasized that Bitcoin’s long-term outlook remains largely unaffected by geopolitical issues. This is mainly due to the declining value of the US dollar, which has recently hit a three-year low.
Bitcoin’s relevance is being closely watched by both retail and institutional investors, who view it as an emerging macro asset. Traders and analysts continue to explore Bitcoin’s position, sometimes merging theories about it as a risky investment or a stable store of value.
Despite the surrounding uncertainties—both macroeconomic and geopolitical—long-term holders of Bitcoin are still accumulating the asset. Analyst Burak Kesmeci observed that these investors are actively adding to their holdings, even as tensions rise.
Recent data showed that a particular type of wallet, known as an accumulation address—indicative of a wallet that has never sold any Bitcoin—registered a substantial increase of 30,784 BTC on June 11, valuing approximately $3.3 billion. This marks the highest influx for 2025.
Following this surge, the total amount of Bitcoin held by these accumulation addresses reached 2.91 million BTC, with an average acquisition price now around $64,000, according to Kesmeci.
This information is not intended as investment advice. Readers are encouraged to conduct their own research when making financial decisions.
