Markets are underpricing risk of longer Middle East war, Arthur Hayes says

In a Cointelegraph interview, Arthur Hayes explains why global markets may not be pricing in a longer war in the Middle East, and what that may mean for energy prices, liquidity and Bitcoin.

As geopolitical tensions escalate and global markets face a new wave of uncertainty, one asset has been behaving in an unexpected way: Bitcoin.

While the Middle East slides deeper into conflict and energy markets react to potential supply disruptions, the world’s largest cryptocurrency has held up relatively well compared to many traditional assets.

For some observers, that resilience raises an important question: Could Bitcoin be signaling something about the macro environment that markets haven’t fully priced in?

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