Donald Trump has been critical of how the Biden administration has handled the conflict between Israel and Hamas. He has stated that, under his presidency, 'this would never have happened,' referring to the Hamas attack in October 2023. Trump has expressed strong support for Israel, asserting that it has the right to defend itself with force, and has accused Iran of funding terrorism in the region. He has also mentioned that the weakness of U.S. foreign policy has incentivized global conflicts, including the war in the Middle East and Ukraine.

Regarding the impact on cryptocurrencies, geopolitical conflicts often increase volatility in financial markets, and cryptos are no exception. In times of uncertainty, some investors take refuge in Bitcoin and other digital assets as a store of value, which can drive prices up. However, it can also increase regulatory risk and affect liquidity if international restrictions are imposed. If the war escalates or involves more countries, the use of cryptocurrencies as an alternative to the traditional banking system could grow, especially in conflict zones. Nonetheless, the environment will remain very volatile and sensitive to international headlines.