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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InMatt Hougan, the Chief Investment Officer at Bitwise, has highlighted that recent US military strikes on Iran are acting as a significant catalyst for the crypto market. According to Hougan, these geopolitical events have accelerated the global transition toward decentralized, on-chain financial systems. He argues that cryptocurrencies have evolved beyond being a secondary alternative, moving into a primary role within the broader financial landscape. This shift is driven by the increasing demand for censorship-resistant assets and decentralized infrastructure during times of international instability. Major assets like BTC and ETH are increasingly viewed as essential tools for financial sovereignty amidst growing geopolitical risks. The analyst suggests that this trend could lead to higher institutional adoption as the digital gold narrative strengthens globally.