Bitcoin Jumps as Trump Rules Out Using Force to Take Greenland
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Bitcoin rose sharply on Wednesday after US President Donald Trump said he would not use military force to take control of Greenland, easing a wave of geopolitical anxiety that had unsettled global markets.
Speaking during an hour-long appearance at the World Economic Forum in Davos, Trump reiterated his view that the US should own Greenland for strategic reasons but walked back earlier rhetoric suggesting military action or punitive tariffs against allies. He later claimed a “framework of a future deal” had been reached.
Markets reacted positively. Bitcoin climbed from around $87,000 to nearly $90,000 by the end of the day, reversing recent losses tied to escalating tensions with Europe and Denmark.
The move reinforced growing evidence that Bitcoin is behaving more like a risk-on asset, responding quickly to shifts in geopolitical uncertainty.