Bloomberg analysts: Bitcoin has risen 12% since the Middle East conflict, sparking renewed discussion about its safe-haven asset properties

By: rootdata|2026/03/05 21:47:20
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Bloomberg ETF senior analyst Eric Balchunas posted on the X platform that btc-42">Bitcoin ETFs have once again attracted $500 million in inflows, with 10 out of 11 U.S. Bitcoin ETFs being favored by investors. Additionally, since the escalation of the conflict in the Middle East, Bitcoin has risen by about 12%, while gold has seen a decline during the same period, prompting discussions in the market about the safe-haven properties of both.

Eric Balchunas further noted that it is relatively rare for Bitcoin to strengthen while gold declines in the context of rising geopolitical uncertainty, leading some investors to rethink the roles of traditional "safe-haven assets" and "digital gold." Does this mean that gold has failed to serve as a safe haven in the current environment, or conversely, that Bitcoin is gradually taking on some of the functions of a safe-haven asset? However, there remains a long-term divide in the market, with some analysts believing that gold is still the primary safe-haven asset during traditional crises, while Bitcoin's market performance tends to be more volatile.

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