Gate News reports that on March 9, macro strategist Mark Connors stated that if the conflict between the US and Iran lasts for several months, increased government spending, expanding public debt, and falling interest rates could create favorable conditions for Bitcoin. His analysis indicates that wars often require issuing more government bonds to finance, which increases the supply of US dollars in the financial system, thereby reducing the value of existing currencies and benefiting non-dollar assets like Bitcoin. Data shows that since mid-2025, the US federal debt growth rate has been around 14% annually; if this trend continues, the debt size could increase by approximately 15% year-over-year. Mark Connors believes that this continuous debt expansion is essentially a form of "money dilution," which has historically been beneficial for Bitcoin's performance. Since the US first attacked Iran, Bitcoin's price has increased by about 3.6%. He also emphasized that as US government debt rises and becomes increasingly reliant on short-term borrowing, future policymakers may prioritize lowering interest rates to reduce interest burdens. In an environment of "lower interest rates + continuous debt expansion," liquidity is usually improved, which is the macroeconomic context that has historically helped Bitcoin perform more strongly.