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Benzinga
Benzinga
Business
Aniket Verma

US-Iran War A 'Nuclear-Grade Bull Catalyst' For Bitcoin, Says Analyst, Even As Odds That Strait Of Hormuz Will Be Blocked Dips

Bitcoin Iran United States Strait of Hormuz Hormuz Crypto Oil Cryptocurrency the Middle East
Bitcoin,Stack,With,Other,Coin,Pile,Background,,Bitcoin,Concept,,Digital

Cryptocurrency analyst and author Adam Livingston argued Sunday that escalating geopolitical tensions in the Middle East could serve as a “nuclear-grade bull catalyst” for Bitcoin (CRYPTO: BTC).

What happened: In a series of posts, Livingston noted the U.S. bombing of Iran's nuclear sites and Iran potentially closing the Strait of Hormuz, the world’s most strategically important oil shipping choke point.

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