Bitcoin Ticks Up as Biden Announces New Russia Sanctions

“For people like me who are very long-term focused and quietly accumulating bitcoin on a daily basis, it’s the asset that will supply the most security and value overall,” said Jason Deane, analyst at Quantum Economics. “For traders and speculators, it’s a simple trade equation designed to generate fiat. For them, it’s an exciting and volatile risk-on trade. The question is, whose narrative will be stronger?”