Will oil prices soar to $200? The world is on the brink of a crisis

The global situation continues to worsen: since the outbreak of conflict, oil prices have doubled and are currently at $115 per barrel. Many experts predict that if the conflict persists long-term, oil prices could rise to $150 to $200.

In fact, we are heading toward the worst-case scenario: the Strait of Hormuz being blocked, and Iran continuing to attack neighboring countries' energy facilities. More critically, tonight Iran has elected a new Supreme Leader, Ali Khamenei's son, a figure even more hardline than his father.

This means that the "regime change" plan pushed by Trump has already failed, and future uncertainties are further heightened.

Meanwhile, during this period, BTC has outperformed the stock market and the S&P 500 index itself. Therefore, it will be very interesting to see how this asset develops moving forward and how various countries will respond.

However, regardless, the longer this conflict lasts, the more severe the impact on the global economy (including the cryptocurrency market). Global inflation is accelerating, and people are starting to cut back on spending, which means risk assets will be marginalized.

Therefore, in the long run, we may witness BTC bottoming out again, presenting an opportunity to buy at lower prices. For now, stay observant and follow the trend.