Bitcoin (CRYPTO: BTC) has been flat to slightly up during the Iran conflict while stocks, bonds, and gold all sold off, according to ProCap Financial CEO Anthony Pompliano.
The Iran Outperformance
Bitcoin has been the shining light over the Iran conflict, Pompliano explained. Stocks are down, bonds are declining, and gold is falling, yet Bitcoin has been flat to slightly up.
Over the last year, the opposite occurred—Bitcoin fell while those assets rose.
The recent divergence challenges the narrative that Bitcoin simply tracks beta to risk assets, suggesting holders view it differently during geopolitical chaos.
“I think that …Full story available on Benzinga.com
Why are Bitcoin, Ethereum, and XRP Prices Rallying Today?
...
Read moreDetails
