According to The Kobeissi Letter, in the last 72 hours the US bombed Iranian nuclear sites, Russia indicated countries are prepared to supply nuclear weapons to Iran, and Iran’s parliament voted to potentially close the Strait of Hormuz. Despite these significant geopolitical escalations, stock market futures opened down only 0.5% (source: The Kobeissi Letter, Twitter, June 22, 2025). This muted reaction signals strong risk tolerance or hedging among investors, which could translate to increased volatility and safe-haven inflows in the cryptocurrency market, especially for Bitcoin (BTC) and Ethereum (ETH), as traders seek alternatives during geopolitical crises.