Analyst: Rapid easing of US Iran conflict, launch of Morgan Stanley Bitcoin ETF and other catalysts may drive Bitcoin's rise

On April 1st, according to CoinDesk, Trump stated that he expects the Iran war to end within two to three weeks and that it is not a prerequisite for reaching an agreement with Iran. He announced that he will deliver a national speech at 9pm Eastern Time on Wednesday. Iranian President Pezehezhian subsequently informed the President of the European Council that Tehran "has the necessary willingness to end this war," but demanded guarantees that it will not be attacked in the future. Boosted by the above news, the Asia Pacific stock market rose sharply, and the S&P 500 futures index also rose accordingly. Compared with the stock market, the response of the cryptocurrency market was relatively flat, and Bitcoin fluctuated in the range of $65000 to $73000 throughout the war. Two Prime CEO Alex Blume pointed out 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 stock continuing to provide funding for Bitcoin purchases, and the rapid resolution of the Iran War. The Bitcoin ETF rate approved by Morgan Stanley this time is only 14 basis points, which is 11 basis points lower than the average of similar products. It will open up channels to its 16000 financial advisors and the $6.2 trillion assets they manage.