It would be too complicated to predict. There is a lot of things that can happen during different phases. If the US regime starts a war with Iran then Iran will start retaliating hard...
First phase: A regional war that will extend into Europe and Africa as wellIn the first steps due to the acts of aggression of the pedophile POTUS, the international trade will halt inside the Persian Gulf, Sea of Omman, Gulf of Aden, Red Sea on the first days as Iranians will start hitting the US navy and US military bases in a 5000 km radius while Iranian allies (eg. Armed Forces of Yemen) shut down the rest. Basically anything that has USA written on it will be destroyed.
Considering how Iran can rapidly cripple the US regime's military by hitting all its military bases in Arabian peninsula, and other places like Jordan, Turkey, occupied Aran (basically Caucasus), etc. the regime will have to either beg for ceasefire like in June (something Iran is unlikely to accept) or continue its campaign from the next layer of their bases which means from Europe and Africa.
That means the US regime bases in the second layer would become legitimate targets. That is US regime bases in Africa (eg. Eritrea, Djibouti, Somalia) and Europe (Cyprus and Greece for the start, followed by deeper targets like Ramstein Air Base in Germany).
This roughly shows the regions affected. The red parts are the international trade routes that will be shut down mostly (you can see on
marine traffics how many vessels pass there) and the yellow crosses show the gas stations that will cease to exist (most probably liberated and retaken by Iran, otherwise completely destroyed).
Up to this point we can see that majority of international trade is simply not happening. The inflation would be devastating even without counting in the energy price rise. On top of that with each US naval unit that is hit or sunk, the US dollar sinks with it.
So far all of this could be positive news for bitcoin which thrives during inflation and dollar tanking. So we could see mass capital exiting the US and EU economies and entering bitcoin and gold as an exit.
But the other problem is when energy prices soar. I wouldn't say destruction of oil and gas fields, but we may start seeing Iran capture them. Keep in mind that the Southern shores of Persian Gulf belonged to Persia not to these little Arab dictators who have made "gas stations" there (Qatar, UAE, Bahrain, Kuwait, ...) These are all Iranian soil under occupation of dictator tribes that will be liberated. So oil and gas prices can shoot up at first but it will come down after Iran takes back its territories and crushes the US regime.
So we may see recession in short term but in long term things could go back to normal. We know recession has negative effect on bitcoin price.
Second phase: The war will pour into the US mainlandI'll expand this phase when we get there. But in short, things will start from the East Coast moving west. First targets will be the headquarters of the pedophiles alongside their energy and military infrastructure to cripple the enemy for good.
In this phase with dollar being annihilated, we could see bitcoin reach $10 million easily.
P.S. It is worth mentioning that only the loud-mouthing of the pedophile POTUS on twitter followed by Iran shutting down the Strait of Hormuz for a very short military drill has brought oil price up to $72 from the $58 bottom (roughly 25% rise).
P.P.S. Another thing to consider is going to be effects of this on other wars.
In Eastern Europe, as NATO's "big guy" continues being destroyed elsewhere, it gives Russia a great opportunity to advance so much faster and take over Ukraine completely and then move into the rest of Europe. The increased oil price would massively help Russia fund that war as well because they will be rolling in money.
That would devastate global economy even more which means bitcoin can start shining more as a safe haven...