I guess the effect will be is that the Middle East will turn into another ground for war. Meaning, collectively as a Muslim, they will have to take sides, and obviously we know where they will be siding on this one, so it will be a regional war that could drag for years and so the death toll would rise.
Although there is a brief increased on the price of the oil as reported here,
Oil prices jump more than 4% in the wake of Hamas attack on Israel. So that's already a bad news.
Hopefully they can go and find a peaceful negotiations with nation in the middle or a truce should be in effect.
I think as soon as possible and everyone also has the same hope. Let's look at the market reaction for a moment and indeed The world is seeing increasing levels of uncertainty the question is will the Market be nervous at the prospect? If we believe in Bitcoin as an asset, we should continue to hold it. meaning as political and economic issues develop, which I think will bring more institutional investors into the domain to balance their portfolios.