Over the weekend and leading into today, we've seen:
→ The US hit 3 Iranian nuclear sites
→ Russia claim other countries are ready to supply Iran w/ nukes
→ Iran vote to close the Strait of Hormuz (~20% of the world’s oil supply passes through it)
→ Iran launch attacks targeting US military bases in Qatar
…so how worried should crypto investors be about all of this?
(A thread)
@axios 1/ Bitcoin↓
$BTC dropped ~5% from Saturday to Sunday, dipping below $100k before rebounding to sit at ~$103k as of this writing
(Bringing its 7 day returns to -4.4% - aka: nothing out of the ordinary)
3/ The betting markets are calling bullsh*t on the scary stuff
Iran gets a nuke in 2025? 15% chance as of this writing
The Strait of Hormuz gets closed this week? 12% chance as of this writing
The US declaring war on Iran in 2025? 10% chance as of this writing
@Polymarket The takeaway:
Things could change quickly from here on out – but for now, the market is telling us to keep our cool
P.S. Tired of pretending to know what a ‘layer 2 cross-chain protocol’ is?
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