It remains uncertain how, when, or if Iran will respond, but any retaliation is unlikely until after the end of three days of mourning.
The world's largest cryptocurrency rose as much as 7.3% to $8 128 in NY trading, the biggest one-day increase since December 18.
The analyst wrote BTC's supply is set to increase only 2.5% this year, on its path to "zero growth".
"Gold prices will keep climbing in 2020 and so should Bitcoin", said the senior analyst.
One factor that should be closely considered when determining the macro trend of Bitcoin and other digital assets is the percentage of wallet addresses that are "in the money". "Bitcoin - which shares gold's characteristics of being a store of value and scarcity and of being perceived as being resistant to inflation - could potentially dethrone gold in the future as the world becomes increasingly digitalized".
Moreover, Green noted: "With an escalation in geopolitical turbulence, which typically unsettles traditional markets, it can be expected that a growing number of investors will decide to increase their exposure to decentralised, non-sovereign, secure currencies, such as Bitcoin, to help protect them from the turmoil".
On Tuesday morning, Bitcoin was trading at € 7035.75 and gold at € 1,400.72, 3% more than the previous week.
"The serious concerns created by geopolitical issues, such as the issue of the United States and Iran, are likely to encourage a growing number of institutional and retail investors to diversify their portfolios and protect against those risks by investing in crypto assets".
This selling pressure ultimately lead the cryptocurrency as low as $6,800 before the vast buying pressure that existed in this region threw BTC into a firm uptrend that ultimately led its price to climb as high as $8,400.
It's no secret that Bitcoin (BTC) was the best performing asset of the last decade, clocking returns of such a great magnitude that early investors could essentially turn pocket change into millions of dollars. From the information availed, it's pretty clear that the Bitcoin price mechanism has adopted a rather uniform market reaction in years preceding the halving event.