The US military strike on Iran over the weekend intensified global tensions and investor anxiety. Yet, Matt Hougan, Chief Investment Officer at Bitwise, stated that it also highlighted the important role of crypto and on-chain markets. With major stock exchanges closed, on-chain markets stepped in as the primary venue for global price discovery. US Strike on Iran Exposed a Structural Gap That Only Crypto Markets Could Fill In a recent memo titled “The Weekend That Changed Finance,” Hougan noted that when President Trump announced a military strike on Iran at 2:30 a
source: https://beincrypto.com/us-iran-strike-crypto-price-discovery-tradfi/