BTC outperforms gold, S&P 500 since start of Middle East war

Bitcoin has outperformed gold and the S&P 500 index since the start of the Middle East war, which was triggered by U.S. and Israeli airstrikes on Iran, according to an analysis by Bitcoin exchange River Financial, as reported by The Crypto Basic. River Financial noted that since the war began on Feb. 28, Bitcoin has risen approximately 12%, while gold has fallen 16% and the S&P 500 has dropped 4%. The exchange explained that Bitcoin has previously shown resilience by outperforming gold and the S&P 500 after a recovery period following several major macroeconomic crises, including the COVID-19 pandemic and the Russia-Ukraine war. "This suggests that Bitcoin is establishing itself as a risk-hedging instrument," the firm added.