🚀 *Latest Crypto News: Bitcoin and Geopolitics!* 🌍
- In early October, the price of Bitcoin and Ethereum fell drastically due to geopolitical tensions between Iran and Israel. But don't worry, the price has recovered in the middle of the month!
- Arthur Hayes, co-founder of BitMEX, compares this situation to a weak layer in landslide science that can trigger a major disaster if stressed.
- There are two scenarios: the conflict remains under control or escalates, which could destroy the Middle East's oil infrastructure or even a nuclear attack. 😱
- Hayes also warned of the risks of speculative investments such as meme coins when the geopolitical situation is unstable.
- Although Iran contributes 7% of Bitcoin's global hash rate, the destruction of its infrastructure will not have a long-term impact on the security of the network or the price of Bitcoin.
What do you think? Let's discuss in the comments column! 👇