People blaming the war between Israel and Iran is the reason for the current downturn. Which is clearly wrong and I proved it in my last few posts.
When there is a war or a pandemic, the price of crypto increases dramatically. In the past, people bought gold, but nowadays we see people buying BTC.
Buying BTC is much easier and cheaper than buying gold and silver. Because you need to pay a premium for physical goods.
So there's no reason to freak out.
What happened was that Israel was intentionally attacked in a foreign Iranian consulate. They thought that Iran would get scared and stop supporting the countries Israel targeted.
Now, this is an international crime. Where it is a punishable offense to attack a diplomat, they literally shot at a consular establishment where there were hundreds of diplomats.
Instead of condemning the attack, Israel and the US begin to warn Iran, as if they were not even thinking about revenge.
Now, unlike all other nations, Iran has carried out some air strikes against Israeli military and public establishments. So they said it's the same thing now and stopped the attack.
Russia has declared that if the US attacks on Iranian soil, it will attack the US. Given the fact that the US has never been directly involved in the Ukraine war, there is a 99% chance that the US will not attack Iran.
Now the US is trying to deal with this with its geopolitical power. They will possibly sanction Iran for taking action against Israel. They know this will have zero impact on Iran as it is already the most sanctioned country, this is to maintain fear among all other countries in the Middle East, as if you speak out against us we will shut you down.
Therefore, Iran is much less likely to become involved in a war with Israel or for Israel to attack Iran.