- Bitcoin (BTC) surged 12.1% to $73,419 since the U.S.-Israeli military action against Iran began on February 28, outperforming other major assets.
- Traditional safe-haven asset Gold dropped 3%, while crude oil gained a less impressive 10.4% despite supply disruptions in the Strait of Hormuz.
- A recent study of AI models found that, for store-of-value use cases, 79% selected BTC as the optimal monetary asset.
Bitcoin has demonstrated remarkable resilience as the premier crisis asset since military operations commenced in the Iran conflict at 1:15 a.m. on February 28. According to market data, its 12.1% gain outpaced all major traditional asset classes over the four-day period. This outperformance challenges conventional wisdom that war favors commodities like gold and oil.
Gold has actually dropped 3% despite an initial safe-haven spike. Consequently, silver entirely retraced its brief rally and is now down 10.2%.
Crude oil gained 10.4%, which was a logical move given supply threats. The Strait of Hormuz, a critical oil transit chokepoint, saw an 81% drop in tanker traffic, as insurers pulled war risk coverage. However, BTC still finished ahead of oil’s price surge.
Meanwhile, the S&P 500 flatlined at -0.1%. Even NVIDIA, buoyed by a Pentagon-OpenAI.com/index/our-agreement-with-the-department-of-war/” target=”_blank” rel=”noreferrer noopener”>assured demand for its AI chips, only managed a 2.8% rally.
The asset’s strong showing aligns with new research on AI preferences. A study found AI agents chose BTC 48% of the time for an optimal monetary asset. For specific store-of-value cases, the selection rate jumped to 79%.
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