Bitcoin's price surge to over $70,000 during the US-Iran conflict has raised eyebrows in the financial community. While traditional safe-haven assets like gold showed mixed behavior, Bitcoin's price continued to rise.
Market analyst Peter Schiff expressed his concerns that a prolonged war could lead to increased pressure on stocks and cryptocurrencies, but boost oil and gold prices. He noted that investors currently expect the conflict to remain short and manageable, but warned that this assumption may underestimate the risks of a prolonged conflict.