QCP Capital, a report has been released stating that the war in the Middle East has increased energy prices worldwide, negatively impacting AI and technology companies. The report also mentioned that Bitcoin's strength could be an early sign that risk appetite will increase again.

Today, Bitcoin rose above $71,000 for the first time since February 9, while QCP Capital, a major analysis firm in Asia, evaluated Bitcoin’s strong stance and the events centered around the Middle East.

"All of the world will warn Iran"
The report noted that the closure of the Strait of Hormuz has increased oil and natural gas prices, and it was stated that the world, including China, is pressuring Iran to open the strait and will continue to do so:

Fears about supply are increasing energy prices. The closure of the Strait of Hormuz directly affects the chip and technology sectors that depend on energy. However, this situation is not expected to continue indefinitely. Considering the importance of AI growth, we do not anticipate this crisis to persist. China has also warned Iran about opening the strait. The world will come together on this issue, and the crisis will end.

"Bitcoin may be giving an early signal"
During this entire crisis, company analysts stated that Bitcoin has remained resilient with the following comments:

“We expect turbulence in the markets next week, but we are closely monitoring Bitcoin’s resilience. Given that the Hormuz crisis is unlikely to continue, Bitcoin may be giving an early signal regarding risk appetite.”

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