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Among them the Iranian parliament has approved the closure of the Strait of Hormuz, an important shipping route for goods located near Iran maritime borders. Almost bout 20% of the world oil and gas is supplied to various countries of the world through this shipping route. If Iran closes this road, it will have a far-reaching negative impact on the global economy. What is your opinion?
We don't know what the future of Bitcoin prices will be if this conflict continues. When the price of Bitcoin was below $100k or to be precise at $98k, at that time America began to involve itself in the middle of Iran and Israel so that it made the situation heated up to the point of wanting to close the Strait of Hormuz which we know is the main route of access to oil from there.
Until now the market price for Bitcoin is still sideways after the price rose from $98k and there are no signs that make me think it will experience a decline but rather think if this is a sign that it will pass the previous ATH or a new ATH.
For oil and the economy, it will have an impact because oil can be said to be central to other needs. If it's Bitcoin, I just give up.