According to The Kobeissi Letter, the recent escalation in the Israel-Iran conflict with US involvement may, despite initial concerns, present a bull case scenario for global markets, including cryptocurrencies. The Kobeissi Letter suggests that if this weekend's events lead to a quicker resolution of the conflict, market volatility could subside sooner than expected, potentially triggering a risk-on environment. This situation could benefit major cryptocurrencies such as BTC and ETH, as traders seek alternative assets during periods of global uncertainty (Source: The Kobeissi Letter, Twitter, June 22, 2025).