- The US and Israeli bombing of Iran made crypto markets “the market,” says analyst.
- With major traditional markets closed, traders turned to Hyperliquid’s crude oil contract and Tether’s tokenised gold.
The war in Iran will force traditional financial markets to ramp up their timelines to move onchain, according to Bitwise chief investment officer Matt Hougan.
His argument, laid out in a blog on March 3, is that the conflict in the Middle East has shown that traders can no longer afford to be shut out of the markets for days as world events spin out of control around them.
“I imagined it would take [five to ten] years,” Hougan wrote. “This weekend proved me wrong. Now I’m convinced it’s going to happen much faster than…
