Bitcoin bounced on Friday morning, possibly on the news of a tit for tat strike by Israel on Iran. The strike could have been Israel’s way of saving face without escalating the conflict. As markets recognise this, will bitcoin continue to rally?
Quandary for Netanyahu
Israel’s prime minister Benjamin Natanyahu was facing quite a quandary. His country’s attack on the Iranian embassy in Syria was perhaps a calculated one that had the goal of dragging the US into the fight with Iran. However, it looks as though this did not have the anticipated result, as the Americans are probably just not ready for conflict on yet another front.
Iran’s combined drone and missile strike on Israel appeared to strategically have been a far better option. The attack was aimed at military bases, was telegraphed so that the Israelis would be ready for it, killed no civilians or even army personnel, and was able to breach the Israeli defences despite air support for the Israelis from other
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