The Middle East game keeps getting bigger. The United States is staging an “economic D-Day,” threatening that anyone who helps Iran do business will be kicked out of the dollar system—this is truly hard-hitting. It directly cuts off the financial lifeline, which hurts even more than a battle.

Something is also happening in the Strait of Hormuz: a Saudi oil tanker, Amzan, was hit by a missile and caught fire. Since 20% of the world’s oil passes through there, once nerves are frayed, oil prices are bound to jump. Morgan Stanley even predicts that Q4 crude oil could surge to $100.

Once geopolitics gets involved like this, traditional safe-haven assets have to rise, and $BTC likely will play out another round of the “digital gold” storyline. The more chaotic the dollar system becomes, the more it turns into a tailwind for cryptocurrencies.

But chasing the price up comes with risks. Prices have already priced in quite a few expectations. If things really kick off, market volatility will be huge. Personally, I think it’s steadier to wait for a pullback to get in, and keep position sizing under control—don’t go all-in.

#Crypto #Bitcoin #Oil #Geopolitics #Trading NFA DYOR