Bitcoin (CRYPTO: BTC) has been flat to slightly up during the Iran conflict while stocks, bonds, and gold all sold off, according to ProCap Financial CEO Anthony Pompliano.

The Iran Outperformance

Bitcoin has been the shining light over the Iran conflict, Pompliano explained. Stocks are down, bonds are declining, and gold is falling, yet Bitcoin has been flat to slightly up.

Over the last year, the opposite occurred—Bitcoin fell while those assets rose. 

The recent divergence challenges the narrative that Bitcoin simply tracks beta to risk assets, suggesting holders view it differently during geopolitical chaos.

“I think that there’s a little bit of light at the end of the tunnel for…

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