Global tensions initially appeared on TheStreet.
The ongoing Israel-Iran conflict has caused huge fluctuations in the market, while oil and Bitcoin have been the biggest hit.
When the conflict began on June 13, this led to a huge increase in oil prices. But by June 17, all proceeds were deleted. Oil was north of $75 north on June 13, with a quote of $69.77.
On the other hand, as the conflict began, Bitcoin began to drop and immediately reached about $103,000. However, it grew more than 3% in 24 hours, trading at $108,836.65 at press time.
Wall Street veteran Jordi Visser, who has 30 years of professional experience, sat down with popular cryptocurrency host Anthony Pompompiano and discussed the price dynamics of the two assets.
Wieser said that every time there is a war in the world, the direct response is just like what we have seen so far. This is especially true when the conflict occurs in the Middle East or Russia, he added.
Visser believes that Bitcoin will always be related to the economy (especially the digital economy) at the end of the day. Wiser said Bitcoin will be part of the stock and become part of the government, so it has never been a geopolitical hedge.
The analyst also mentioned the Russian-Ukrainian war, which he said had no effect on the market, which is different from what people want to believe.
As long as there is no significant escalation, such conflicts usually end up being a major event in the first few days, Wieser said. Therefore, these events usually do not affect long-term.
Global tensions Oil prices for wild swings first appeared on TheStreet on June 16, 2025
This story was first appeared on June 16, 2025 by TheStreet.
