The current Middle East conflict, as the US-Iran war continues to intensify, is now taking a heavy toll. President Trump, in his recent address, shared how this operation may extend up to 4 to 5 weeks, preparing the markets to face some heavy-duty volatility in the future ahead. At the same time, Arthur Hayes, former CEO of Bitmex, has floated a rather striking opinion, sharing how, in contrast, this conflict can help the cryptocurrency sector to rally soon. Here’s how.

Also Read: Cryptocurrency Asset Outflows Skyrocket In Iran: Here’s Why

Arthur Hayes: Crypto May Rally Soon

Arthur Hayes, the former CEO of BitMEX, has always been known for sharing unique market insights. His latest insight is rather contrasting, as wars and conflict usually bring in volatility to the global markets. But Hayes believes that this Middle East conflict may particularly be favorable to the cryptocurrency domain.

His reasoning depends on the fact that every US president after 1985 who sent their forces to the Middle East was followed by a rate cut of additional liquidity. This development, if repeated again, may end up significantly helping the prospects of the current crypto domain.

In simpler terms, Hayes has outlined a simple historical correlation. Hayes shared how every president who sent their forces to the Middle East after 1985 saw the Fed respond with rate cuts or added liquidity after the incident. This similar easing may come as a boon for the current crypto domain, making it simpler for the assets to recover as soon as possible. This development is still a historic pattern, not a fact, as Hayes clarified, but is still an interesting insight to note in such tumultuous times.

Bitcoin Gains Some Value Amid The Heated Iran-US Conflict

Bitcoin has finally reclaimed its $70K position as the US-Iran war continues to intensify and evolve. There can be multiple factors responsible for this surge. Firstly, the crypto fear and greed index has been at its lowest for quite a while.

The retail must have made use of this opportunity to purchase dips, making the market regain some of its lost valuation. At the same time, the current Middle East conflict may have been making crypto appear more lucrative as one of the safe haven assets. This can also be a core reason fueling the current Bitcoin rally.

Also Read: Iran US War: What To Expect From Stock Market This Week?