Bitcoin Surges Over 20% Amid Middle East Turmoil

Deep News05-18

Capital is flowing into the representative virtual currency Bitcoin. Since the U.S. began its attacks on Iran in late February, Bitcoin has risen by approximately 20%, outpacing both Japanese and U.S. stocks as well as gold. Against the backdrop of escalating global geopolitical risks, Bitcoin's value as a "stateless asset" is being reassessed.

Bitcoin prices have remained around $80,000 in May, reaching their highest level since January. Compared to late February when the U.S.-Iran conflict occurred, the price on May 13 had increased by 22%. Over the same period, the Nikkei 225 index, which is at a historical high, rose by 8%, while the U.S. Dow Jones Industrial Average increased by only 1%. Gold futures prices, considered a safe-haven asset, fell by 10%, highlighting Bitcoin's strong performance during emergencies.

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