Washington insider warns US defeat in Iran now “likely” – adding a new macro risk for Bitcoin

A prominent figure from the Washington foreign-policy establishment has said openly what markets have been pricing in fragments: the United States has likely suffered a strategic defeat in Iran, and the failure runs through the Strait of Hormuz. Accepting this premise would introduce a new macro risk for Bitcoin. The warning comes from an article by Robert Kagan in The Atlantic. Kagan sits inside the interventionist …