energía

🛢️ Back in 2021, no one would have connected Middle Eastern geopolitics to the price of Bitcoin.

By 2026, it’s impossible not to.

Here’s the chain that few are seeing in full:

Israel and Iran escalate tensions → the Strait of Hormuz, through which 20% of the world’s oil flows, is at risk → oil prices spike → electricity costs rise globally → mining Bitcoin gets pricier → miners start to sell more $BTC to cover expenses → increased selling pressure on the price.

And there’s more. High energy costs don’t just hit the miners. They impact overall inflation. And high inflation gives the Fed the perfect excuse to keep interest rates up. High rates drain capital from risk assets.

A missile over the Persian Gulf ends up affecting Bitcoin prices in Madrid, Mexico City, and Buenos Aires.

That didn’t exist ten years ago. Today, it’s the reality of the world’s most globalized asset.

BlackRock warned this week: if the Strait of Hormuz is closed for more than 30 days, U.S. oil inventories could drop to four-decade lows.

Bitcoin doesn’t exist in a vacuum. It never has.

Do you follow geopolitics when analyzing the crypto market?

#bitcoin #geopolitica #Energía #InstitutoBlockchain #FranBerlin