Bloomberg Analyst: Bitcoin has risen 12% since the Middle East conflict, reigniting discussions on its safe-haven asset properties

MarsBitNews · 2026-03-05T13:13:59+00:00

Bitcoin ETF attracts another $500 million in capital inflow, with 10 US ETFs gaining popularity. Amid escalating conflicts in the Middle East, Bitcoin has risen about 12%, while gold has declined, sparking discussions about safe-haven assets. Some investors are re-evaluating the roles of Bitcoin and gold, and market opinions on the two differ.

MarsBitNews

2026-03-05 13:13:59

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Mars Finance News: Bloomberg ETF senior analyst Eric Balchunas posted on X platform that Bitcoin ETFs are once again attracting $500 million in inflows. Out of 11 US Bitcoin ETFs, 10 are favored by investors. Additionally, since the escalation of the Middle East conflict, Bitcoin has risen about 12%, while gold has declined during the same period. This performance has sparked market discussions about the hedging properties of both assets. Eric Balchunas added that, in the context of rising geopolitical uncertainty, it is relatively rare for Bitcoin to strengthen while gold declines, prompting some investors to reconsider the roles of traditional “safe-haven assets” versus “digital gold.” Does this mean gold has failed to serve as a safe haven in the current environment, or does it suggest that Bitcoin is gradually taking on some safe-haven functions? However, there are still long-term disagreements in the market. Some analysts believe gold remains the primary safe-haven asset during traditional crises, while Bitcoin’s market performance tends to be more volatile.

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