The conflict in the Middle East, which resulted in the death of Ayatollah Ali Khamenei, could become a catalyst for Bitcoin's growth. Experts David Brikell and Chris Mills described the event as a "narrative catalyst" that the market has been waiting for a long time.

According to them, the recent lag of digital gold is the result of a normal cyclical correction.

Initially, it was pressured by tightening liquidity in the US, then it was hit by a rotation wave from tech stocks amid fears around AI. This caused many to doubt the "Bitcoin narratives" and its role as a macro asset. However, the fundamental qualities of the cryptocurrency have not disappeared, the analysts emphasized.