Bitcoin Rallies After Iran Strikes but Safe Haven Role Unproven
Bitcoin is beating gold during the Iran war, but its dependence on liquidity cycles keeps the safe haven narrative in question.
COINTELEGRAPH IN YOUR SOCIAL FEED
Before the Iran war broke out, Bitcoin spent months trading sideways while gold rallied to record levels.
At the time, gold was seen as the go-to safe haven; inflation concerns remained persistent and geopolitical tensions continued to build, while Bitcoin
BTC
$70,714
failed to live up to that role.
Nearly a month after the US and Israel launched the first strik
Bitcoin is beating gold during the Iran war, but its dependence on liquidity cycles keeps the safe haven narrative in question.
COINTELEGRAPH IN YOUR SOCIAL FEED
Before the Iran war broke out, Bitcoin spent months trading sideways while gold rallied to record levels.
At the time, gold was seen as the go-to safe haven; inflation concerns remained persistent and geopolitical tensions continued to build, while Bitcoin
BTC
$70,714
failed to live up to that role.
Nearly a month after the US and Israel launched the first strik
25 days ago
