Top Highlights

• As Israel, Iran Tensions Rattle Markets, Will Bitcoin Act as a Safe Haven?
• The price of Bitcoin wavered Tuesday as dozens of missiles descended on Israel, according to news reports. The U.S. had warned earlier that a ballistic missile strike from Iran was being prepared against the foreign ally. Later, the Iranian Mission to the United Nations said on Twitter (aka X) that Tehran's response “has been duly carried out.” B...
• While Bitcoin has gained traction among investors as a “store of value asset” against inflation, the coin hasn’t consistently performed well as a “flight to quality asset” during times of geopolitical, Grayscale Investment’s Managing Director of Research Zach Pandl told Decrypt
• “Investors who are concerned about high geopolitical risks are, for now, still reaching for the traditional instruments,” he said, pointing to physical gold and U.S. Treasury bonds.
• “In the longer term, when Bitcoin is widely held around the world and a reserve asset for central banks and governments, it may also be a common flight-to-quality asset,” Pandl said. “But Bitcoin is still much earlier in its journey than treasury bonds or gold.”

Domain