Macro strategist Mark Connors has suggested that a prolonged conflict between the US and Iran could positively impact Bitcoin’s (BTC) price. Connors, who heads the BTC advisory firm Risk Dimensions, explained, “If the war runs longer, that means more spending and more deficit spending.
That’s constructive for Bitcoin.“ This is because increased government spending often leads to inflation, which can devalue traditional currencies like the US dollar. In such scenarios, investors may turn to alternative assets like Bitcoin as a hedge against inflation, potentially driving up its price.
Bitcoin Price Surges Amidst US-Iran Tensions
Connors explained that Bitcoin’s price is influenced by market liquidity. He suggested that a spike in oil prices could increase inflation, forcing the Federal Reserve to cut interest rates to maintain financial stability. Historically, lower interest rates have often benefited Bitcoin.
However, it’s important to note this isn’t always the case. The interest rate cuts in October and December 2025 did not result in a Bitcoin rally. In fact, the crypto market saw its largest single-day liquidation in history last October, and it is still recovering from that crash. Despite this, BTC’s price might find some support in the near future as investors look to “buy the dip.”
Bitcoin is already showing signs of recovery, reclaiming the $70,000 mark today, March 11, 2026. According to CoinMarketCap, Bitcoin’s price has seen a 0.6% rally in the last 24 hours and a 2.13% increase over the past week. It’s also up 7.6% over the last 14 days and 0.7% in the past month. Despite these gains, the original cryptocurrency is still down 13.27% since March 2025.
Moreover, Our experts are also bullish on Bitcoin (BTC) in the coming days, anticipating it to reclaim the $80,000 mark by the end of March 2026. This would represent a rally of about 14% from its current price levels.
Despite the bullish outlook, Bitcoin’s (BTC) price direction remains uncertain. Over the past month, BTC has unsuccessfully tested the $73,000 resistance level three times, suggesting we could see another rejection at this point.
Also Read: Bitcoin (BTC) Predicted to Drop Below $45,000: Here’s What Analysts Are Saying
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
