What will happen to bitcoin amid the escalation of the conflict between Iran and Israel?
Analysts air their expectations about the potential impact that the rising tension between Israel and Iran could have on bitcoin.
BTC fell nearly 4% after the first reported attacks between the two countries.
Bitcoin mining could also be affected if Iran closes the Strait of Hormuz.
The escalation in the conflict between Israel and Iran has once again highlighted the influence of global geopolitics on Bitcoin. Various analysts have shared their views on what could await the digital currency and its ecosystem in the current context of tension.
In market terms, last Thursday, June 12, the price of bitcoin (BTC) fell by nearly 4%, dropping from USD 108,500 to USD 103,500 after the massive airstrike launched by Israel against Iran. This triggered a series of retaliations between both nations that continue to be reported in media around the world.
