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Despite some profits, the bull pressure remains strong. The new record is watching bitcoins.
In short
- Israeli strikes and the threat of closing the Strait of Ormus will strengthen bitcoins in the face of inflation fears.
- The oil shock could move inflation to 5 %, which strengthened the attraction of bitcoins as a refuge.
- Institutions and some countries accumulate bitcoins and support its increase despite tourist gains of over $ 105,000.
Middle East in the fire
The markets are nervous. As for the surprise of Israel against Iranian nuclear infrastructure in parallel with the assassination of nuclear generals and scientists.
Iran responded by starting the operation “Rising Lion”. Several strategic places such as Dimona’s nuclear reactor, Tel Aviv Financial Center, Ministry of Defense, Military Air Base, Mossad headquarters, Ben Gurion International Airport, Harifa Port and Plynarensky Platform.
Ayatollah Ali Khamenei promised a “heavy response”:
“Don’t think they hit (Israel) and it is over. No. They caused war. We will not let them get out of it without consequences.” »
Uncle Sam has since threw himself on the bed of Benjamin Netanyahu, who fled to Greece. By the way, the Israeli Prime Minister is still under the international arrest of ICC …
Donald Trump threatened Ali Khamenei with the following words:
We know exactly where the “highest leader” is hidden. (…) We won’t eliminate it, at least not yet.
Donald Trump
The fear is now that the United States provides military support. The Iranian Foreign Ministry warned this Wednesday that any US intervention would cause a “overall war” in the region in the region.
Iran could decide to emphasize the pressure by closing the Stormuz Strait, where 20 % of the world’s oil flow flows. Or 20 million barrels a day that represent more than 30 % of maritime oil flows.
These geopolitical tensions are blessed for bitcoins because the economic consequences of the black scenario are very inflation for the West.
Bitcoin and a black script
The closure of the Stranges of Ormuz and Bab El-Mandeba would be a very inflation event. Oil prices could rise up to $ 120 per barrel. JPMorgan even talks about a $ 130 scenario.
Such an oil shock would soon increase world food prices. This was the case in 2007 after the peak of conventional oil. The result was an increase of more than 20 % of the FAO food price index. In fact, food prices are a function of increasing the cost of fertilizer and fuel necessary for their transport.
Inflation could return to 5 % around the world in the screenplay of the overall blockade of the strait. However, it is unlikely. The reason is that most of the oil is intended for Asia and especially in China, the Allies of Persia:
But he has the fear of inflation shock in all minds. No one has forgotten the inflation of Monster in the last five years. Here are data on inflation in the United States for five years:
- Medical Care: +12 %
- Clothing: +14 %
- New Cars: +21 %
- Food: +23 %
- Housing: +27 %
- Electricity: +37 %
- Transport: +49 %
- Gas: +54 %
- Gasoline: +69 %
- Car insurance: +84 %
The numbers are similar to the old continent and often worse in the rest of the world.
It is therefore a safe bet that Bitcoin is experiencing renewed LAG interests that want to protect themselves from inflation. Especially from the bad press, from which bitcoins may suffer from gradually disappearing.
The institution accumulates behind the scenes
While waiting for a renewed interest from small carriers, they continue shopping. They are assured by the United States that are about to strengthen their strategic Bitcoin reserve.
About 236 companies today hold more than 1.2 million bitcoins or approximately 5.7 % of the total offer. This BTC cash increased by 20 % from one year to the next. And after he doubled during 2024.
Overall, it is more than $ 1,500 billion that S&P 500 could place in bitcoins. Microsoft and Facebook said no, but it is said that Amazon will get out of it and that Tesla can double the bet.
Also note that the US Senate has just undergone the benefit of the brilliant law. If the House of Representatives gives its green light, it strengthens the existence of stablecoins. We are now waiting for a vote on a bitcoin law that provides a million bitcoins.
In the same spirit, be aware that South America is also on board. The Location Act of up to 5 % of Brazilian exchange reserves ($ 370 billion) is on a deputy. Brazil could become the second G20 country that created bitcoins of reserve. South Korea also thinks about it.
Europe cannot say so much. The Czech central bank would like to act, but they are ECB and Christine Lagarde. In addition, the parliament was just rejected by the proposal for undermining bitcoins with an excess of electricity from French nuclear power plants. What mess.
Overall, there is a horizon. Tourists take their profits over $ 105,000, but the pressure of the rise remains strong.
Don’t miss our article: Bitcoin: “Thousands of companies” are about to cross rubicon.
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Reports of bitcoins and geopolitics.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.