Bitcoin beat the S&P 500, Nasdaq Composite and gold since the start of the Iran war
Bitcoin outperforms major assets amid geopolitical tensions.
Since the onset of the Iran war on February 28, Bitcoin has notably outperformed major financial indices and gold, rising about 8% while the S&P 500 and gold have both declined over 3%. This shift has prompted analysts like ProShares' Simeon Hyman to highlight Bitcoin's role as a diversifying asset in turbulent markets, despite its significant drop of over 40% from its all-time high of $126,198 last October.
Key Takeaways
- 1.
Bitcoin has risen approximately 8% since the Iran war began on February 28.
- 2.
The S&P 500 and gold have both dropped over 3% during the same period.
- 3.
Despite recent gains, Bitcoin remains down more than 40% from its peak of $126,198.
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