Bitcoin's price has surged by 12% since the onset of the conflict in Iran, while traditional assets like the S&P 500 and gold have seen declines of 1% and 10%, respectively. This trend suggests a shift in Bitcoin's perception from a high-risk asset to a more stable form of currency during geopolitical turmoil.
Experts from Bitwise, including investment director Matt Hougan and research head Ryan Rasmussen, argue that the current situation underscores Bitcoin's potential as an apolitical currency. They noted, "When nations fight, the incentive to use apolitical money goes up." This shift is attributed to increasing cracks in the global financial system, making non-sovereign money more appealing.
“Chaos is a ladder,” the analysts remarked, indicating that instability creates opportunities for Bitcoin.
Furthermore, the cryptocurrency is seen as "two bets in one," competing with gold for value storage while also gaining traction as a currency in international trade. The ongoing geopolitical tensions and the use of alternative financial systems, especially following Russia's disconnection from SWIFT, have accelerated Bitcoin's role in global trade.
