JPMorgan: Bitcoin exhibits safe-haven properties during Iran conflicts, outperforming gold and silver

2026-03-26 22:26:20

Odaily Planet Daily reports that JPMorgan states Bitcoin has shown safe-haven asset characteristics amid recent Iran conflicts, demonstrating stronger resilience compared to gold and silver.

Data shows that since March, gold prices have fallen about 15%, with nearly $11 billion flowing out of gold ETFs. Silver ETFs have also seen most of their previous inflows completely reversed. In contrast, Bitcoin experienced net inflows during the same period, indicating relative strength.

Analysis indicates that gold and silver were previously at high levels, and with rising interest rates and a strengthening dollar, the market has seen profit-taking and position reductions. Meanwhile, Bitcoin attracted capital inflows during this phase, exhibiting different capital behavior from traditional safe-haven assets.

Additionally, on-chain data shows a significant increase in crypto activity in Iran during the conflict, with users transferring funds to self-custody wallets and overseas platforms. JPMorgan believes that Bitcoin’s features—strong cross-border liquidity, support for self-custody, and 24/7 trading—make it an important tool for capital transfer in times of economic instability and capital controls.

BTC-1,86%

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