Bitcoin Offers No Safe Haven From Trump’s Greenland Dreams

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US President Donald Trump has decided not to invade Greenland, which gives Bitcoin some relief from the geopolitical pressures that have been weighing on its price chart.

The world breathed a small, collective sigh of relief on Wednesday when US President Donald Trump said he would not use force to take over Greenland during a rambling, hour-long speech to a crowd of world leaders in Davos.

Trump argued why the US should rightly own Greenland, ostensibly as a bulwark against Russian or Chinese influence in the region. However, he walked back some worrying rhetoric about military action, stating that he would not use force to take over Greenland, which itself is an autonomous region of Denmark. He scrapped plans to use tariffs to pressure allies to go along with his acquisition plans.

Indeed, he walked away from Davos with a supposed “framework of a future deal.” Bitcoin responded positively to the news, bumping up from around $87,000 to $90,000 as the evening came to a close.

Amid the geopolitical tensions that have been escalating over the last month, some analysts increasingly note the effect it has on Bitcoin’s price.


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