I doubt it. If you want to blame geopolitical factors at all for the recent investment in cryptocurrency:
1. Chinese investors see crypto as a way of moving currency outside of China. The Chinese government has recently cracked down on movement of money outside of the country.
2. The rise of populism could drive people into crypto. The rise of actors like Donald Trump, Marine Le Pen, Geert Wilders (although defeated) implies major currency instability, especially around USD, EUR.
On (2), from what I understand Gold has become less of a good hedge against world economic stability as well.
