Arthur Hayes, former CEO of BitMEX, predicts Bitcoin growth in the event of an escalation of the conflict between Iran and Israel. According to him, an attack on Iranian oil fields will lead to a jump in oil prices, which will also push Bitcoin up, since it is âdigital energyâ. Hayes recalled the crises of the 1970s, when the embargo of Arab countries and the revolution in Iran caused oil prices to rise by 412% and gold by 380%. He noted that during periods of inflation, Bitcoin shows a correlation with commodities.
Sources said Israel could strike Iran, which could support Hayes' scenario. Quantity Funds previously launched a fund that includes gold and Bitcoin to hedge against inflation. Hayes also previously discussed the negative dynamics of tokens after they were listed on centralized exchanges.
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