Bitcoin Emerges as Unlikely Safe-Haven Amidst Global Market Volatility

The ongoing conflict in the Middle East has sent shockwaves through global markets, but one asset has emerged relatively unscathed: Bitcoin.

Since the initial strikes on Iran, Bitcoin has quietly outperformed many of its traditional counterparts, including gold, stocks, and bonds. According to ProCap Financial CEO Anthony Pompliano, this is a significant development in the cryptocurrency's narrative.

Pompliano argues that Bitcoin is behaving less like a high-beta tech proxy and more like a 'global insurance' against extreme geopolitical and monetary risk. He notes that during times of chaos, capital is not being pushed out of Bitcoin, but rather pulled into it.