Middle East Tensions May Push Bitcoin to $140K in 50 Days, Says Bitwise

In a recent report from Bitwise Europe, the ongoing conflict between Iran and Israel may open the door for a major price rally in Bitcoin (BTC), potentially sending the asset soaring to US$140,000 in the next 50 days.

The report draws on historical data from the past two decades, highlighting that major geopolitical events have historically led to strong bullish movements in Bitcoin’s price. According to Bitwise, BTC has averaged a 31.2% gain within 50 days following such large-scale global events.

At the time of writing (Tuesday, 17 June), Bitcoin is trading at approximately US$106,700, recovering from a recent dip to around US$102,600 amid heightened tensions in the Middle East. If Bitcoin follows similar historical patterns, it could potentially approach or exceed the US$140,000 mark by late July or early August.

“Large geopolitical shocks often create unique entry points for crypto investors,” Bitwise noted in the report. “These events tend to reset market sentiment and attract strategic long-term capital.”

In recent days, sentiment in the crypto markets has shown signs of recovery. The initial dip, caused by rising fears of escalation in the Iran–Israel conflict, was quickly countered by inflows into Bitcoin ETFs, along with broader weakening in the US dollar, both of which have supported Bitcoin’s rebound.

This growing demand from institutional investors and the steady rise of crypto ETFs are key factors in the optimistic outlook. Bitwise analysts suggest that structural demand—particularly from ETF providers and publicly traded companies—will continue to act as a tailwind for Bitcoin’s price action.

“Structural demand from ETFs and corporations, combined with a recovering risk appetite in global markets, could set the stage for the next leg up in Bitcoin’s long-term bull cycle,” Bitwise explained.

While geopolitical instability often brings fear to traditional markets, it appears to be functioning differently for Bitcoin, which is increasingly viewed by some investors as digital gold—a hedge against currency devaluation and systemic risk.

Still, Bitwise cautioned that volatility should be expected. Even if the broader trajectory appears bullish, short-term price swings are likely to continue as headlines from the Middle East evolve.

For traders and investors eyeing an entry into Bitcoin, this may be a strategic window of opportunity, particularly if the current bullish narrative continues to play out.

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