The launching of a retaliatory attack by Iran against Israel on Saturday, April 13, has had a substantial impact on the value of numerous assets as it increased the danger for some of the crucial supply routes such as the Hormuz Strait, and reignited worries that the current war in the region could expand to involve other nations.
One of the assets that saw the fastest and the most violent reaction as the air assault began was the world’s premier cryptocurrency – Bitcoin (BTC) – a somewhat surprising development considering BTC’s reputation as ‘digital gold.’
Despite the initial shock that saw the coin fall by about $6,000 within minutes, it quickly recovered much of the value lost and rose to approximately $66,000 by Monday, April 15.
Given the recent events – and asset reactions – and the established fears that a war between the Islamic Republic and Israel, in all likelihood also involving the U.S., is more likely than it has been in decades, Finbold deci
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