Milk Road
Milk Road
BTC+3.56%
Over the weekend and leading into today, we've seen: → The US hit 3 Iranian nuclear sites → Russia claim other countries are ready to supply Iran w/ nukes → Iran vote to close the Strait of Hormuz (~20% of the world’s oil supply passes through it) → Iran launch attacks targeting US military bases in Qatar …so how worried should crypto investors be about all of this? (A thread)
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@axios 1/ Bitcoin↓ $BTC dropped ~5% from Saturday to Sunday, dipping below $100k before rebounding to sit at ~$103k as of this writing (Bringing its 7 day returns to -4.4% - aka: nothing out of the ordinary)
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@tradingview 2/ Oil n’ equities Weirdly enough...
Milk Road Macro
Milk Road Macro
Markets are pricing in a short-lived conflict. Despite all the noise in the market... - S&P 500 futures are GREEN - Oil prices are RED If the market was expecting a full blown war, we’d be seeing the exact opposite.
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3/ The betting markets are calling bullsh*t on the scary stuff Iran gets a nuke in 2025? 15% chance as of this writing The Strait of Hormuz gets closed this week? 12% chance as of this writing The US declaring war on Iran in 2025? 10% chance as of this writing
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@Polymarket The takeaway: Things could change quickly from here on out – but for now, the market is telling us to keep our cool
P.S. Tired of pretending to know what a ‘layer 2 cross-chain protocol’ is? (Want crypto news that makes sense?) Join the Milk Road newsletter! We’ll help you get smarter about crypto – WITHOUT your eyes glazing over
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