The post Arthur Hayes Predicts Middle East Conflict Could Ignite a Bitcoin Price Surge appeared first on Coinpedia Fintech News
Arthur Hayes, founder of BitMEX, suggests that escalating conflict in the Middle East might drive Bitcoinâs (BTC) value upward. In his analysis, Hayes explains that even if the Israel-Iran situation disrupts Iranâs Bitcoin miningâwhich contributes roughly 7% to the global hash rateâitâs unlikely to harm Bitcoinâs price. He references Chinaâs 2021 mining ban, which led to a hash rate drop yet had little long-term impact on BTCâs price.
Hayes also believes rising oil prices, if the conflict damages regional oil infrastructure, would benefit Bitcoin. With energy becoming costlier, Bitcoinâs value, as âstored energy in digital form,â could increase. Hayes sees this scenario as highlighting Bitcoinâs resilience and unique economic structure.