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coinpedia
2024-10-17 07:39:13

Arthur Hayes Predicts Middle East Conflict Could Ignite a Bitcoin Price Surge

Arthur Hayes Predicts Middle East Conflict Could Ignite a Bitcoin Price Surge

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 Bitcoin’s (BTC) value upward. In his analysis, Hayes explains that even if the Israel-Iran situation disrupts Iran’s Bitcoin mining—which contributes roughly 7% to the global hash rate—it’s unlikely to harm Bitcoin’s price. He references China’s 2021 mining ban, which led …

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