Things have been a bit chaotic lately... Rumors that Iran will close the Strait of Hormuz have stirred things up. First, it was said, "We have closed it," then there was a backtrack with, "No such thing exists," but the situation remains open-ended. So, the tension is still on the table. #abdiran

🧐 Now you might ask, "Why is the Strait of Hormuz so important?"

Because about 20% of the oil used worldwide passes through this strait every day. Think about it, the fuel for the world economy flows directly from here. So, if this place closes, not only the Middle East but the entire world will be adversely affected by this situation.

In a bad scenario, oil prices could reach up to $200 per barrel. This also raises the possibility of banks increasing interest rates while inflation rises.

🇹🇷 If we say a few things for Turkey.

Turkey is directly affected by this situation. Because we are dependent on foreign energy. When oil and natural gas prices rise, both the industry and citizens will feel the pinch. Gasoline prices will increase, natural gas bills will soar, production costs will rise, and exports will become difficult. Inflation is already high, and this situation will escalate it further.

🪙 What about the crypto side?

The crypto side of the situation is a bit complicated. Initially, a panic atmosphere may arise in the market, and everything, including #Bitcoin, may drop. But as war, crisis, and economic uncertainty increase, people tend to turn to safe havens. Like #Gold, like #Bitcoin... Because decentralized structures generally become attractive when the traditional system is shaken.

Remember! Sometimes risks bring opportunities afterward...

In short, the Strait of Hormuz is not just a simple passage. A step taken there could economically topple the entire world like a domino. There is value in closely following developments...