During the week and a half since the U.S.-Israeli attack on Iran, Bitcoin is doing better than gold and stocks. Since the start of the war, the original cryptocurrency is up about 7%, and on Wednesday was trading at around $71,000, according to Binance. Gold has stayed at virtually the same price, trading at about $5,240, which is roughly where it was the morning of February 28, when the first strikes hit Iran. The S&P 500 is down about 1% during that time.
Bitcoin’s performance is a welcome sight for those in the digital assets sector, as the original cryptocurrency previously had a woeful few months. It reached levels as low as $63,000, down 50% from its all-time high in October. Crypto stocks have benefited from the fact that they can be traded at any time and are not beholden to banking hours like traditional stocks.
