Middle East conflict: Bitcoin bleeds while gold shines.
The recent clash between Iran and Israel has caused panic in global markets. While gold and the dollar rise as traditional safe havens, Bitcoin falls sharply, exposing an uncomfortable truth: is it really the new gold, or just another risky asset?
The Israeli attack on military and nuclear facilities in Iran — and Tehran's swift response — set off geopolitical alarms around the world. The offensive, dubbed "Rising Lion," triggered an immediate response in the markets... and the crypto world was no exception.
Bitcoin fell more than 4% in a few hours, dragging Ethereum, Solana, and other altcoins down with it. More than $1.2 billion in leveraged positions were liquidated. In contrast, gold rose 1%, the dollar gained ground, and assets considered safe havens strengthened.
What happened to the narrative of Bitcoin as a refuge from global uncertainty?
Figures such as Peter Schiff, a long-time skeptic of the ecosystem, were quick to declare that this only confirms what they have always said: BTC is a high-risk asset disguised as a safe haven.
But the debate is far from over. Many see these declines as a buying opportunity. Others believe that the "digital gold" narrative is broken. What is undeniable is that the war has left a visible wound in Bitcoin's credibility as a hedge.
What do you think?
Do you believe this drop was a logical market reaction or a sign that Bitcoin is not ready to play in the same league as gold?
👇 I look forward to reading your comments.
