Geopolitical Tensions Propel Bitcoin to Top Safe-Haven Asset as Funds Flood In, Outpacing Gold and Major Stock Indices

Deep News05-18 14:26

Capital is flowing into the leading cryptocurrency Bitcoin. Since the United States initiated attacks against Iran in late February, Bitcoin has surged by approximately 20%, surpassing the gains of Japanese and U.S. stocks as well as gold. Amid escalating global geopolitical risks, Bitcoin is being re-evaluated for its value as a "stateless asset." Bitcoin prices remained around $80,000 in May, marking the highest level since January. Compared to late February when the U.S.-Iran conflict occurred, the price on May 13 had risen by 22%. In contrast, Japan's Nikkei 225 Stock Average, which was at a historical high, gained 8% over the same period, while the U.S. Dow Jones Industrial Average rose by only 1%. Gold futures, often considered a safe-haven asset, fell by 10%, making Bitcoin's robust performance during the crisis particularly notable.

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