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Artur Heise, one of the most popular strategists in the cryptocurrency markets, shared his current forecasts regarding Bitcoin and the global economy in a program he participated in.
Heise claimed that geopolitical crises, such as Iran-Israel tensions, have limited impact on the markets, and that the real destructive effect will be caused by changes that artificial intelligence introduces to the labor market.
Heise stated that the tension in relations with Iran has one critically important point for investors: whether the flow of oil through the Strait of Hormuz will continue.
According to Heise, the market is only focused on commodity flows, and he added: "If oil is flowing, unfortunately, the market doesn't care about the rest of the human tragedy."
According to Heise, the fact that oil supplies continued despite prices remaining at $110-120 triggered a recovery rally in the markets.