How war in Israel will move Bitcoin: analyst explains
The outbreak of war between Israel and Hamas last weekend has geopolitical and economic implications that could influence the price of Bitcoin and other cryptocurrencies, according to YouTube crypto analist EllioTrades. The attacks, which caught many Israelis by surprise on the final day of the Jewish holiday Sukkot, involved thousands of rockets fired from Gaza as well as armed militants breaching the border fence and waging attacks on the ground. Hundreds were killed as cities and buildings were left in ruin. The analyst explains that at first glance, the conflict may seem isolated to the Middle East. However, he argues it represents an escalation of ongoing tensions between the East and West that date back to the Cold War between the U.S. and Soviet Union. It’s very clear that the West, United States, and NATO are supporting Israel directly, explicitly, implicitly. And the very same is true of Ukraine. We also see comments coming out of Moscow effectively saying, hey,...