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WTI crude oil is nearing its highs again, surging above $100, a +55% gain since the US-Iran war broke out.
The so-called safe haven, gold, is down -14%.
But $BTC, which many consider a risky asset, has actually been the perfect hedge, up +15% since the war broke out.
From this, we can clearly see which is the better flight to safety.
Smart money through ETFs is hedging in Bitcoin. Retail and boomers are buying gold.