*US Strikes on Iran's Kharg Island, Did it affect Bitcoin?*

Before the attack $BTC was trading at around 70K USD. Hours after #BTCReclaims70k and remains unharmed despite drops in the #S&P500 and the #Nasdaq100 .

A Strategic EscalationOn March 13, 2026, US forces launched precision strikes on Iran's Kharg Island, the nation's primary oil export terminal in the Persian Gulf, amid escalating tensions in the US-Iran conflict. President Donald Trump announced the operation, describing it as "one of the most powerful bombing raids in the history of the Middle East," claiming it "totally obliterated" over 90 military targets while sparing oil infrastructure "for reasons of decency." Kharg Island, located about 300 miles northwest of the Strait of Hormuz, handles 90% of Iran's crude oil exports, much of which flows to China.

US Central Command (CENTCOM) confirmed the strikes destroyed naval mine storage, missile bunkers, and other military sites, releasing footage of the attacks. Trump warned that oil facilities could be next if Iran blocks shipping through the strait, a critical chokepoint for global energy supplies. The operation followed nearly two weeks of hostilities between the US, Israel, and Iran, with global oil prices surging 40% since early February. Iranian officials acknowledged the military focus, noting no damage to jetties or storage units. In retaliation, Iran struck a US embassy helipad in Baghdad, causing no injuries. Strategic ContextThese strikes underscore US efforts to degrade Iran's military capabilities without disrupting global oil markets. By targeting assets threatening the Strait of Hormuz, the US aims to secure vital sea lanes while pressuring Tehran economically.

I believe Bitcoin will keep being a strong asset in times of turmoil and eventually institutions will come back to it in the following coming weeks making it reclaim the 100K level.