More than fifteen days into the US-Iran war, and the numbers tell a story that would have been unthinkable two years ago. Bitcoin is up 7.75%. Gold is down 5.5%. The S&P 500 has shed 3.85%. Silver has collapsed 13.22%. The Nasdaq is off 3%.
The crypto market has quietly added $240 billion in value during one of the most intense geopolitical flashpoints in recent memory. The asset that was supposed to crash hardest in a war is the only major asset finishing green.
Gold’s pullback to $5,000 support amid a war has bewildered traditional macro investors. Peter Schiff, a gold advocate, argued on X that the selloff shows a fundamental misunderstanding of what the war actually means for the global financial order.
https://coinedition.com/bitcoin-is-beating-gold-during-war-peter-schiff-pushes-back/
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tldr; Bitcoin has outperformed traditional assets like gold during the U.S.–Iran conflict, gaining 7.75% while gold fell 5.5% and silver dropped over 13%. Peter Schiff, a gold advocate, argues the war accelerates global de-dollarization trends, impacting reserve holdings. Schiff debated Tim Draper, who prefers Bitcoin over gold for its practicality as a medium of exchange. Bitcoin’s resilience during this geopolitical crisis highlights institutional adoption and its evolving role as a macroeconomic asset.
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Bitcoin was starting from 50% down this year. Gold was at ATH not sure it’s really that useful a comparison
DXY’s at 100. US Treasury yields are up. Nobody’s de-dollarising. Maybe later but definitely not now. Market’s focusing on consequences of this war – inflation and potential interest rate hikes. Bitcoin has many advantages one of which is being able to transact instantly, especially if you self-custody. Tokenised gold may get there but it just doesn’t have the market Bitcoin has.
Bitcoin wins after it dropped from 130k to 60k… lol