Bitcoin is up 18.8% since the Iran crisis, while equities fell and gold dropped 7.4%. Whale selling may be reversing: two consecutive weeks of net inflows from large holders.

Rate hike fears surge on geopolitics, but policy shift may be overstated. Bitcoin shows resilience, while mining pivots to AI and regulation turns more pragmatic.

Since the Iran crisis, Bitcoin is up 10% while equities fell. CoinShares Research argues geopolitics is replacing monetary policy as the key driver.

A de-risked market structure, $1B in institutional inflows at peak stress, and Bitcoin’s self-custody properties combine to build a credible macro hedge narrative.