THE WAR + BITCOIN + IRAN + ISRAEL and THE BITCOIN PRICE & MARKET SITUATION

A drop to 62k unfolded, as few predicted, amidst heightened media coverage of the Iran threat over the past three days. Typically, such news might fade quickly, but not this time.

Recently, Iran deployed drones and initiated attacks on Israel, marking the beginning of what could escalate into a major conflict.

Should the USA reinforce Israel, Iran has threatened to target US troops in the Middle East. This could provoke a US counterattack, potentially triggering a global conflict. Historically, markets have suffered during wars. Yet, with current rising inflation rates in the US, we might witness a different economic response. The necessity for the US to finance war efforts may lead to increased money printing, causing the US Dollar to plummet. This would likely drive people to secure their savings in assets, though such effects might only become apparent after the war impacts the economy.

Currently, we're waiting to see the US's response. If war is declared, all markets could see further declines. For #Bitcoin prices might drop to 58k or even as low as 52k before gradually recovering.