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Lately, geopolitical tensions surrounding the Iraq War have been escalating, and their impact is clearly showing in Bitcoin. Compared to gold, Bitcoin is demonstrating a quite bullish performance.
According to data, as geopolitical risks like the Iraq War become more prominent, the ratio of Bitcoin to gold has risen from about 35% to around 36%. In other words, during the same period, Bitcoin has outperformed gold by approximately 36%. In the past, gold was the go-to asset during crises, but now it seems Bitcoin is steadily establishing itself as a safe haven asset.
When geopolitical risks like the Iraq War emerge, markets tend to seek stores of value. The fact that Bitcoin is increasingly being chosen for this role suggests that both institutional and individual investors are beginning to recognize digital assets as a means of preservation. It's an intriguing development.