Limited Impact on Bitcoin Mining from Iran Conflict, Analysis Shows

A Different Scale from the China Shock

According to a report by Decrypt on the 2nd, following the US-Israel attack on Iran, concerns about a sharp decline in Bitcoin (BTC) hash rate and massive sell-offs spread on social media. However, industry experts have pointed out that the impact is limited.

Wolfie Zhao, head of research at TheMinerMag, stated, 'There are no significant concerns for the Bitcoin network,' emphasizing that the scale is completely different from the mining regulations imposed by China in 2021. Lu...