Arthur Hayes, co-founder of BitMEX, predicts BTC price will increase if Middle East tensions push oil and energy prices up 🚀

- Hayes: If Iran attacks major oil fields, oil prices will increase, pulling other energy prices up.

- BTC is "energy stored in digital form", increasing energy prices will increase BTC as well.

- Mining difficulty will adjust, creating opportunities for new BTC miners to make higher profits.

- History: Oil prices increased by 412%, gold increased by 380% during the 1973-1982 oil crisis.

- BTC has not experienced a major oil crisis but is correlated with commodities during inflationary periods.

- Oil prices fell 3.7% this week, BTC increased by more than 8%, reaching $68,000 for the first time since July.

- Gold reached an all-time high of $2,711/ounce due to US election uncertainty and Middle East tensions.

What do you think about Hayes' prediction? Comment below! 💬#Bitcoin#Crypto#Blockchain#Finance #Tech