Israel’s Iran war will soon cost the equivalent of 41,300 Bitcoin every week
Israel's Finance Ministry estimates the weekly economic cost of the war with Iran under strict restrictions is about $2.93 billion, or 41,300 Bitcoin.Summary
Israel's Finance Ministry has calculated the weekly economic impact of the ongoing conflict with Iran, estimating a loss exceeding 9 billion shekels (approximately $2.93 billion) per week if current "red" restrictions, like school closures and travel limitations, remain in place. A less restrictive "orange" scenario would halve this weekly economic hit to about 4.3 billion shekels ($1.35 billion).
To contextualize this loss, the ministry compares the $3 billion weekly estimate to Bitcoin, equating it to roughly 41,300 BTC at current prices. This figure is significant when compared to Bitcoin's supply metrics: it represents more than 13 weeks of new Bitcoin creation following the April 2024 halving, and nearly two weeks of sustained accumulation by major US spot Bitcoin ETFs.
If Israel were to hold 41,300 Bitcoin, it would rank among the world's largest sovereign holders, placing it behind Ukraine and ahead of El Salvador. However, the article notes there is no indication Israel plans to adopt a Bitcoin reserve, as the country's relationship with crypto has involved regulatory tension regarding banking access.
(Source：CryptoSlate)