Bitcoin ‘widespread correction’ unlikely after US strike on Venezuela: Analyst
The chances of Bitcoin’s price tumbling in the aftermath of the US military’s attack on Venezuela are “relatively slim,” according to a crypto analyst.
Despite Bitcoin’s history of volatility during geopolitical tensions, its price is unlikely to fall in the coming days following the US strike on Venezuela, according to a crypto analyst.
“I don’t think we’ll see a widespread correction based on the attack in Venezuela on Bitcoin,” MN Trading Capital founder Michael van de Poppe said in an X post on Saturday.
The US strikes on Venezuela took place at around 6:00 a.m. UTC on Saturday and reportedly lasted for around 30 minutes. Van de Poppe anticipates the event will not directly affect Bitcoin’s (BTC) price because it was a “planned and coordinated attack” and one that has “already passed us.”