Bitcoin Soars Past $104,000 as Geopolitical Tensions Drive Safe-Haven Demand

Amid escalating tensions between India and Pakistan, Bitcoin’s price surged past $104,000, marking a 5% daily gain as investors increasingly turned to cryptocurrencies as a hedge against geopolitical instability. The rally coincided with heightened military activity following India’s ’Sindoor Operation’ in response to the Pahalgam attack. Russian Duma member Anatoly Aksakov underscored Bitcoin’s growing role as a safe-haven asset during times of global uncertainty. This development highlights the cryptocurrency’s resilience and its evolving perception as a digital gold in turbulent markets. As of May 30, 2025, Bitcoin continues to demonstrate its potential as both a store of value and a hedge against traditional market volatility, with institutional and retail investors alike flocking to the asset class during periods of geopolitical stress.

Bitcoin Surges as Geopolitical Tensions Escalate Between India and Pakistan

Bitcoin’s price soared past $104,000 amid escalating tensions between India and Pakistan, marking a 5% daily gain as investors flocked to cryptocurrencies as a hedge against geopolitical instability. The surge coincided with heightened military activity following India’s "Sindoor Operation" in response to the Pahalgam attack.

Russian Duma member Anatoly Aksakov highlighted Bitcoin’s role as a SAFE haven during periods of uncertainty, reinforcing its appeal in turbulent markets. Meanwhile, Chinese defense stocks also saw significant inflows, underscoring the broader market shift toward risk-off assets.

Hayes Predicts Bitcoin to Reach $1M by 2028 Amid U.S.-China Tensions

Arthur Hayes, former CEO of BitMEX, forecasts bitcoin could surge to $1 million by 2028, attributing the potential rally to macroeconomic factors rather than Federal Reserve policy. "The real show is at the Treasury Department," Hayes stated, dismissing the Fed’s influence. U.S. Treasury Secretary Scott Bessent’s management of dollar liquidity through bond buybacks and spending policies is identified as the primary catalyst.

Hayes emphasized America’s fiscal trajectory as a key driver for Bitcoin’s valuation, suggesting institutional shifts in liquidity creation will outweigh short-term monetary policy. The analysis sidelines conventional crypto market narratives, focusing instead on structural dollar debasement risks.

Metaplanet Announces $21M Bond Sale to Expand Bitcoin Holdings

Japanese hospitality firm Metaplanet is doubling down on its Bitcoin strategy with a third bond issuance in a week. The Tokyo-listed company plans to raise $21.25 million through zero-coupon bonds from EVO FUND, following two previous $25 million offerings. Proceeds will further bolster its corporate treasury position in BTC.

The firm now holds 5,555 BTC ($576 million), ranking as the eleventh-largest corporate holder globally and the biggest outside North America. Shares ROSE 2.75% on the announcement, outperforming Japan’s benchmark Nikkei 225 index.

Metaplanet’s aggressive accumulation reflects growing institutional conviction in Bitcoin as a treasury asset. The bonds’ November redemption date suggests a medium-term holding strategy rather than short-term speculation.

Institutional Confidence in Bitcoin Surges as Deribit Options Market Shows Bullish Flows

Bitcoin’s rally is accelerating, with institutional investors increasingly positioning themselves in the Deribit-listed BTC options market. The exchange reported robust buying of call options at the $110,000 strike price expiring in June and July, alongside calendar spreads targeting $140,000 by September.

Deribit’s data reveals a clear institutional footprint, with traders anticipating further upside. The demand for $110,000 calls signals expectations of near-term price appreciation, while the $140,000/$170,000 spread suggests confidence in a sustained bull run through year-end.

Options activity often precedes spot market movements. This institutional accumulation through derivatives could fuel Bitcoin’s next leg higher, mirroring previous cycles where sophisticated capital flows drove parabolic advances.

Bitcoin Aims for $500,000 as Market Heat Intensifies

Renowned crypto analyst Kaleo highlights a 25% surge in Bitcoin prices over the past month, suggesting the $500,000 target is increasingly plausible. Bitcoin’s outperformance against gold underscores its potential during bullish phases.

Kaleo emphasizes the critical relationship between Bitcoin and gold, noting that a future Gold market rally could significantly propel Bitcoin higher. "With gold’s total market cap around $22.6 trillion," he argues, Bitcoin’s upside remains substantial.

$100k Just The Beginning For Bitcoin?

Bitcoin’s resurgence above the $100,000 threshold signals renewed bullish momentum, fueled by easing trade tensions and a broader recovery in digital asset markets. The cryptocurrency’s 35% rebound from last month’s $74,000 low suggests potential for further upside, with technical analysts eyeing $109,000 as the next resistance level.

Market structure appears reminiscent of previous cycles. Historical patterns show Bitcoin typically undergoes multiple corrections before peaking - four in 2017 and three in 2021. The current cycle has only completed its first major pullback, implying significant runway remains in this bull market.

Altcoins continue to lag Bitcoin’s performance, still trading well below their 2024 highs. This divergence highlights Bitcoin’s market dominance as institutional capital flows primarily into the flagship cryptocurrency.