#伊朗导弹袭击以色列
Iran's 200 missiles shocked the world, and the cryptocurrency market evaporated hundreds of millions of dollars in an instant!
Iran launched 200 missiles at Israel, which frightened the cryptocurrency market, and Bitcoin could not hold up. The reputation of digital gold was once again questioned.
Why did Iran launch missiles? It turned out that Israel killed Hezbollah leader Hassan Nasrallah and others, and Iran was retaliating.
This matter is not over yet. The Islamic Revolutionary Guard Corps of Iran said that they did it and warned Israel that if they retaliate again, they will continue to fight.
The United States also got involved, saying that it would fully support Israel, but it is still thinking about how to respond to this matter.
When the cryptocurrency market heard the news, it immediately panicked, and the price fell sharply. In just four hours, more than 200 million US dollars evaporated. Bitcoin also fell from a high of $66,000 to $60,780.
On the other hand, the price of gold is quite stable, and it has only fallen a little bit. As for Bitcoin, it has fallen much more than gold.
Although Bitcoin is often called "digital gold", it has never really lived up to this title. We have said before that Bitcoin is more like stocks than gold. Last month, the correlation between Bitcoin and gold turned negative, which shows that it cannot be used as an economic hedging tool at all.
Some analysts said that if institutional investors want to invest in risk aversion, Bitcoin is not a good choice. Why? Bitcoin is too unstable, and it will tremble at the slightest sign of trouble. Just like what happened last night, Bitcoin immediately fell, while traditional safe-haven assets such as gold rose a little.
Analysts also said that Bitcoin was originally intended to be used for long-term savings, not for short-term risk hedging. Moreover, Bitcoin is still a new thing, and everyone is speculating, so of course the price goes up and down a lot, which is incomparable to old-timers like gold.
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