How the US Military Strike on Iran Highlighted a Key Advantage of Crypto Over TradFi
A US military strike on Iran demonstrated crypto's 24/7 advantage as traditional markets were closed for price discovery.Summary
The US military strike on Iran over a weekend, when traditional global markets were closed, highlighted a significant structural advantage of cryptocurrency and on-chain markets: continuous, 24/7/365 operation. Matt Hougan, CIO at Bitwise, noted that on-chain venues became the primary venue for real-time global price discovery, filling a void left by closed traditional exchanges. Bitcoin dropped immediately, and decentralized perpetual exchanges like Hyperliquid saw massive trading volume, with open interest exceeding $1 billion. Tokenized gold (XAUT) also saw a surge in demand. Hougan concluded that this event proved the shift to on-chain finance is inevitable and accelerating, forcing traditional investors like hedge funds and banks to adopt stablecoin wallets and learn to trade on platforms like Hyperliquid to remain competitive in global, real-time markets.
(Source：BeInCrypto)