 | More than fifteen days into the US-Iran war, and the numbers tell a story that would have been unthinkable two years ago. Bitcoin is up 7.75%. Gold is down 5.5%. The S&P 500 has shed 3.85%. Silver has collapsed 13.22%. The Nasdaq is off 3%. The crypto market has quietly added $240 billion in value during one of the most intense geopolitical flashpoints in recent memory. The asset that was supposed to crash hardest in a war is the only major asset finishing green. Gold’s pullback to $5,000 support amid a war has bewildered traditional macro investors. Peter Schiff, a gold advocate, argued on X that the selloff shows a fundamental misunderstanding of what the war actually means for the global financial order. [link] [comments] |
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