In the world of cryptocurrency today, Michael Saylor, the co-founder of Strategy, hints at an upcoming Bitcoin purchase amidst Middle East tensions. In other news, Vietnam has enacted legislation to regulate digital assets, and despite the ongoing Israel-Iran conflict, the crypto market sentiment remains bullish.
Strategy’s co-founder, Michael Saylor, shared a Bitcoin BTCUSD chart, suggesting an impending purchase by the company amidst the escalating geopolitical conflict between Israel and Iran. “Bigger Dots are ₿etter,” Saylor informed his 4.4 million followers in a recent post, pointing towards a purchase in the near future. As per SaylorTracker, Strategy presently holds 582,000 BTC, making it the biggest known corporate Bitcoin holder. This potential acquisition signifies investor confidence in Bitcoin, which has remained stable around $105,000 during the Israel-Iran conflict. However, an escalation in the war and subsequent impact on energy prices could affect risk-on-asset markets.
In a significant legislative move, the National Assembly of Vietnam endorsed the Law on Digital Technology Industry on June 14, thereby bringing digital assets under regulatory surveillance. The law, which comes into effect on January 1, 2026, categorizes digital assets into virtual assets and crypto assets, excluding securities, digital fiat currencies, and other financial instruments from these categories. The government now needs to establish specific business conditions, classifications, and oversight mechanisms for these digital assets. This law also necessitates cybersecurity and Anti-Money Laundering measures in line with international standards, likely in response to Vietnam’s inclusion in the Financial Action Task Force’s (FATF) “gray list” since 2023.
Despite rising geopolitical tensions following Israel’s airstrikes on Iran, the Crypto Fear & Greed Index, a measure of overall crypto market sentiment, remains in the “greed” zone. The Index stood at 60 in its latest update, with Bitcoin falling 2.8% to $103,000 on Friday after Israel’s claimed responsibility for the explosions in Tehran, and Iran’s subsequent retaliation with ballistic missiles. Notably, Bitcoin is currently trading at $105,670, according to CoinMarketCap.
