Bitcoin Outperforms Gold, Silver, S&P 500 and Nasdaq Since the Iran War Began

2 days ago 5

Rommie Analytics

Key Takeaways

  • Bitcoin up 16.76% since the Iran war began February 28.
  • Gold down 10.12%, silver down 15.58% over the same period.
  • S&P 500 and Nasdaq gained 0.06% and 1.91% respectively.
  • 50 SMA at $72,091 curling upward for first time since April 12 crash.
  • RSI fully converged at 71.32.

Bitcoin is trading at $74,740 on April 14, up 16.7% since the Iran war began on February 28. Over the same period, gold lost 10%, silver fell 15.58%, the S&P 500 gained less than 0.1%, and the Nasdaq added 1.91%.

The six weeks that produced those numbers include the US-Israel strikes on Iran, the assassination of Khamenei, the closure of the Strait of Hormuz, the Islamabad talks collapse, and a US naval blockade. Every event that historically sends money into safe havens sent Bitcoin higher instead.

Gold didn’t just underperform. It moved in the opposite direction.

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