Arthur Hayes, co-founder of BitMEX, predicts that Bitcoin's price will rise if tensions between Iran and Israel escalate, leading to an increase in oil and energy prices. Hayes suggests that if Iran attacks major oil and gas fields, it would cause a spike in oil prices and subsequently drive up the prices of other energy sources, leading to a rise in Bitcoin's value.

Hayes draws a parallel to historical events during the oil crises of the 1970s, where commodities like oil and gold experienced significant gains. He argues that while Bitcoin has not existed during major oil crises, it has shown some correlation with commodities during inflationary periods.

Hayes believes that even if Middle Eastern oil is removed from the market, Bitcoin's blockchain will continue to function, and its value will hold steady against energy and rise in fiat currency terms. Show Less