Bitcoin

This event underscores a broader shift toward increased military spending and geopolitical fragmentation, which historically leads to higher inflation and fiscal deficits. For crypto, this reinforces Bitcoin's narrative as a hedge against fiat debasement, but also introduces volatility from macro uncertainty. The depletion of Patriot stockpiles also highlights supply chain vulnerabilities that could affect global trade and energy prices, indirectly impacting mining costs and market liquidity.

The Pentagon is pressing defense companies to accelerate weapons production as the Iran war depletes US stockpiles, with at least half of Patriot stockpile used, affecting supplies to allies.