This matter is actually very simple. The United States and Iran just had a breakdown in talks, and the Americans announced they would block the "lifeline" Strait of Hormuz!

Now, all the ships (oil tankers) transporting oil worldwide are panicking, afraid to go there, worried about getting stuck while passing through, so they all rerouted quickly. Think about it, if oil transporters dare not pass, can the oil supply remain smooth?

The result is: oil prices immediately surged, and safe-haven assets like gold also rose in price, as everyone rushes to buy safe assets for stability.

As for our crypto market, in the short term, sentiment has been somewhat affected, and funds may have shifted to buy gold and oil. But in the long run, if the situation really escalates, and settling with USD or RMB becomes inconvenient, it might become more convenient to use cryptocurrencies (like Bitcoin, altcoins) to buy oil and conduct business. This could actually be a big positive.

In summary: In the short term, oil and gold prices will spike, and the crypto market needs to stay calm and not get caught up in the hype!