A prolonged war in Iran is:


- Bearish for the dollar.
- Bearish for US indices.
- Very bullish for the arms industry and defensive stocks.
- Very bullish for gold/silver in the short term.
- Very bullish for BTC in the long term.
5% of the global BTC hash rate is Iranian.
They use their cheap electricity to mine BTC, paying $1300 to sell it at 50x.
If their power grid fails, a lot of selling pressure disappears.
BTC0.64%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)