We are standing at the precipice.
A closure of the Strait of Hormuz — even if temporary — would be an extremely disruptive black swan event. It's one of the world's most critical energy choke points, with ~20% of global oil and a significant portion of LNG passing through.
If Iran closes the Strait, even partially, expect the price of oil to skyrocket in the short term, with a corresponding rush to safe haven assets. Altcoins will see a massive dump, though #BTC & #ETH may recover losses quickly.
I recommend going long with #PAXG via the spot market, as gold is seen as a hedge in volatile times. Downside is minimal, but there's room for tremendous upside in the short term. Set sell limit just under 3,600, just in case of a spike in prices, to profit quickly.
