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Arthur Hayes Analyzes Potential Impact of Middle East Conflict on Bitcoin

  • Arthur Hayes, founder of BitMEX, predicts that the Middle East conflict could increase Bitcoin's value.
  • Hayes believes that the destruction of Iranian Bitcoin mining operations would not significantly impact Bitcoin's price.
  • A wider conflict and the destruction of oil infrastructure could lead to a surge in oil prices, indirectly benefiting Bitcoin.
  • Bitcoin's mining difficulty adjusts to maintain overall profitability, even in the face of higher energy prices.

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