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🚨 URGENT: BITCOIN SURGES ABOVE $73,000
Why might the Iran-U.S. conflict be benefiting Bitcoin? Let me explain 👇
Iran is the fifth-largest Bitcoin miner in the world, with between 4.5% and 5% of the global hashrate.
Its production cost per Bitcoin ranges from $1,300 to $5,000, and thanks to nearly free energy, it is one of the cheapest countries in the world to mine Bitcoin.
And what does Iran do with that Bitcoin?
It sells everything.
Because it needs to convert it into imports to survive under sanctions.
That’s the key. Iran is not a miner that decides when to sell based on the market.
It’s a state that sells no matter what to keep its economy alive.
If war destroys its power grid or mining infrastructure, that forced seller disappears from the market forever.
And not only that.
When money becomes a weapon and governments block bank accounts overnight, people look for an asset that no one can confiscate.
Bitcoin is the only asset that has no owner, no central headquarters, and cannot be blocked by any government.
When should this war worry you as an investor?
The positive scenario for Bitcoin has an enemy: skyrocketing oil prices.
Yesterday, it was announced that the Strait of Hormuz has been completely blocked, meaning oil tankers can no longer pass through.
To put it in context, 20% of the total oil supply passes through here, and now it’s blocked, which could cause oil prices to spike.
Major banks are already modeling scenarios of +$100 per barrel.
Oil at those levels triggers global inflation and puts the Fed and central banks in a deadlock: either tolerate inflation or raise interest rates with the economy slowing down.
And if interest rates rise, the available money for risk assets disappears. Bitcoin included.
So it’s clear: skyrocketing oil prices are one of the worst things that could happen to Bitcoin and crypto right now.
This would be the worst-case scenario. Although they are already looking for alternatives to prevent this from happening.
For now, $BTC is being more favored than harmed.