What will happen to Bitcoin amid the escalating Iran-Israel conflict? ๐ฎ๐ฑ๐ฎ๐ท
Analysts have mixed views ๐ค on the potential impact of escalating Iran-Israel tensions on Bitcoin. BTC fell nearly 4% ๐ after initial attacks, from $108,500 to $103,500. Some expect further declines (to $100,000 or $88,000) ๐, while others predict a quick recovery ๐ based on historical trends where BTC outperformed gold ๐ฅ and oil โฝ after similar geopolitical events. Bitcoin mining โ๏ธ could also be affected if Iran closes the Strait of Hormuz. ๐ข
