BlockBeats news, April 1, according to CoinDesk, Trump said he expects the Iran war to end within two to three weeks, and that it is not conditional on reaching a deal with Iran. He announced that he will deliver a national address at 9:00 p.m. Eastern Time on Wednesday. Iranian President Pezeshkian subsequently told the President of the European Council that Tehran “has the necessary willingness to end this war,” but it requires guarantees that it will not be attacked in the future.
Fueled by the above news, Asia-Pacific stock markets surged significantly, and S&P 500 futures also rose accordingly. Compared with the stock market, the crypto market’s reaction was more subdued. During the entire war, Bitcoin has been trading in a range of $65,000 to $73,000.
Two Prime CEO Alex Blume noted that there are three major catalysts that could drive Bitcoin higher in the second quarter: the launch of Morgan Stanley’s Bitcoin ETF, Strategy’s STRC preferred shares continuing to provide funding for buying Bitcoin, and the rapid resolution of the Iran war. The Bitcoin ETF fee rate approved by Morgan Stanley this time is only 14 basis points, lower than the average of 11 basis points among similar products. It will open a channel to its 16,000 financial advisors and the $6.2 trillion in assets they manage.
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