Interesting what’s happening in the markets these days. While risk aversion continues to dominate Wall Street, Bitcoin is showing a quite different behavior.

What catches my attention is that amid all this geopolitical tension in Iran—already the third day of the conflict—traditional stocks are plummeting, but Bitcoin keeps resisting. It’s as if investors are looking for something different when risk aversion spikes.

Historically, when such events generate market aversion, gold rises. But this time, it seems Bitcoin is gaining relevance as an alternative asset. It’s not immune to volatility, but it’s demonstrating that in times of uncertainty, people are considering options beyond traditional markets.

What surprises me most is how quickly dynamics change. Not long ago, it was unthinkable for Bitcoin to outperform stocks in such a session. Now, when risk aversion takes control, it seems increasingly common to see it.

If this pattern continues to develop, we’ll probably see more flow into assets like Bitcoin during crises. It’s worth paying attention to how this evolves in the coming sessions.