Trouble in the Middle East, especially between Israel and Iran, is making investors nervous. When things get tense globally, people usually move their money into safer places. Gold is one of the most common choices, and that’s why it’s hit record prices above $3,400 per ounce, up 30% this year.
Bitcoin was expected to behave like a safe-haven asset, too, but it hasn’t. When tensions rose, Bitcoin fell from $109,000 to $103,000. That shows it still reacts more like a risky stock than a reliable backup.
Also Read: Bitcoin Showdown: Should You Choose Stocks or ETFs?