Analyst: Bitcoin could serve as a hedge against geopolitical uncertainty.

Zaye Capital Markets analyst Na'im Aslam stated in a report that as investors seek to avoid losses caused by geopolitical uncertainties, Bitcoin will benefit from it. U.S. President Trump threatened on Thursday to impose sanctions on any entity purchasing Iranian oil. Aslam said Trump's "aggressive tone in foreign policy" adds an layer of uncertainty, which may increase the attractiveness of Bitcoin as a geopolitical hedge tool. He also pointed out that Trump's inner circle has shown more openness towards Bitcoin, with Eric Trump and Barron Trump scheduled to speak at the "Bitcoin 2025" conference on May 27-29. Institutional demand is also strong: BlackRock acquired $350 million worth of Bitcoin, and JPMorgan's exchange-traded fund saw a capital inflow of $10.6 million just yesterday. According to data from the London Stock Exchange, Bitcoin rose by 0.1% to $96,617.