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.

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Of all the 27 countries, over 41% of the participants from Vietnam confirmed that they had purchased cryptocurrencies. The most popular amongst Vietnamese crypto users is Bitcoin. Over 20% said that they had purchased Bitcoin (BTC). 

The report also finds that Bitcoin remains popular globally amongst crypto users. South Asian countries are found to be the top adopters with more and more people using crypto.  

The finder report states: “Remittance payment may have played a significant role in these numbers, with cryptocurrency an option for migrants who want to send money home and avoid exchange fees.”

Apart from Vietnam, other countries that are having high levels of crypto adoption according to the report are Indonesia, India, Malaysia and the Philippines. About 30% in Indonesia and India said they had purchased crypto. 29% and 28% of respondents in  Malaysia and the Philippines respectively said that they had purchased crypto.

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Countries across the globe are exploring possibilities with cryptocurrencies. Vietnam, where cryptocurrencies have become popular in recent years, is considering experimenting with digital assets. The country’s prime minister has asked the central bank, the country’s top financial authority, to start a pilot project and develop a strategy regarding cryptocurrencies and their use. The project is directed to last for two years.  

Pham Minh Chinh, the Prime Minister of Vietnam, believes that with the use of digital currencies the country can limit the use of paper currencies and said that with the popularity of cryptocurrencies increasing each passing day, it is impossible to ignore them.  

Huynh Phuoc Nghia, deputy director of the Institute of Innovation under the University of Economics HCM City, says that the plan includes evaluating the advantages and how the country can allow cryptocurrency adoption.“  The recognition of digital currencies by the central bank would help to accelerate this process,” opined Nghia.

Though the country doesn’t recognise cryptocurrencies as legal tender, the number of cryptocurrency users in the country has risen steadily since 2017. Also,  according to the data from the country’s top financial authority, the use of digital payments has also grown at an exponential rate. Earlier in the year, El Salvador became the first country to make Bitcoin a legal currency and it wouldn’t be surprising if we see other countries following suit.

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