Analyst: BTC could see further declines if US-Iran conflict escalates

According to Walter Bloomberg, Carolane De Palmas, an analyst at online broker ActivTrades, has projected that Bitcoin's price could see further declines if the conflict between the U.S. and Iran escalates. De Palmas explained that investors would likely avoid volatile assets, creating the potential for a downturn. She added that Bitcoin could only rise if its appeal as an inflation hedge grows due to heightened inflation expectations stemming from oil supply disruptions.