Deep correction of digital currencies with increasing risk of spreading war in the Middle East

As the time of Iran's retaliatory attack on Israel is approaching, we are witnessing drastic reforms in the markets, especially cryptocurrencies

On July 31, Ismail Haniyeh, the leader of the political movement of Hamas, who came to Tehran to participate in the inauguration ceremony of Dr. Masoud Pezashkian, the new president of Iran, was attacked at night and while he was sleeping. In Beirut, with the killing of Fouad Shekar, one of the most senior field commanders of the Lebanese Hezbollah, by Israel, the conflict in the Middle East increased.
 

From the day of the terrorist attack to this moment, close to the moment of the attack of Iran and its affiliates in the Middle East on Israel, we witnessed deep reforms in the world stock exchanges, especially cryptocurrencies, so that Bitcoin was corrected to the range of $58,000 and Ethereum to the range of $2,100.
 

In February 2022, at the time of Russia's invasion of Ukraine, we saw a correction in the risk markets, when Bitcoin reached the numbers below $20,000, followed by the rest of the cryptocurrencies, which also experienced very strong corrections.
 

Now, with the repetition of history and the intensification of war in the Middle East, we can expect more reforms in high-risk markets, because in turbulent conditions, investors prefer to invest in safer assets such as gold and silver and strategic commodities such as oil and wheat. .

In the long run:

After the fundamental reforms of cryptocurrencies at the beginning of the war between Russia and the country, with the emergence of media fever and the emotions ruling the financial markets, the markets gradually became stable and within two years the price of Bitcoin reached 70 thousand dollars.

Well, according to the usual rule (history repeats itself), we can look at the current market prices as a discount, because due to the decentralized nature of Bitcoin, it can be expected that with the calm of the Middle East, if a ceasefire agreement is reached and the exchange of prisoners between Israel is reached. and Hamas, and considering that due to Havink Badash, Bitcoin mining has halved and this asset has become rarer than in the past, we can expect high growth for this market in the next year.

sara ras