A protracted conflict between the US and Iran could support $BTC growth, according to Risk Dimensions macrostrategist Mark Connors.
According to him, wars typically lead to increased government spending and widening budget deficits, which increases dollar liquidity and weakens the currency. Under such conditions, investors are more likely to seek alternative assets.
Connors noted that US national debt is already growing by approximately 14% annually, and the combination of rising debt and a potential Fed rate cut historically creates a favorable macro backdrop for $BTC
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