Bitcoin rises 12% after Iran attack: Is BTC Now the New Safe Haven?

Jakarta, Pintu News – Bitcoin’s (BTC) price rise in the wake of rising geopolitical tensions in the Middle East has reignited an old debate in the crypto market: whether Bitcoin can serve as a safe haven asset like gold. Recent data shows that since the Iran attack, BTC has actually strengthened while gold prices have decreased in the same period.

The opposite movement between Bitcoin and gold fueled speculation that some investors are starting to see cryptocurrencies as a hedging alternative against global uncertainty.

1. Bitcoin Rises 12% After Iran Tensions

Bitcoin has reportedly gained around 12% since the Iran attack, indicating a fairly strong market response to geopolitical tensions. In the same period, gold prices have actually decreased.

This movement is quite interesting as historically gold has often been considered the ultimate safe haven asset in times of global uncertainty. However, BTC’s surge is giving rise to a new narrative that some investors may be starting to turn to crypto.

Even so, some analysts think that conclusion is still too early.

Also Read: Czech Central Bank seeks 100 tons of gold reserves, Bitcoin (BTC) is still under consideration

2. Bitcoin ETFs Record $461 Million Inflow

The surge in Bitcoin price was also accompanied by inflows of funds into spot Bitcoin ETF products. On March 4, the total inflow of Bitcoin ETFs reached about $461.77 million.

With an exchange rate of IDR16,919 per dollar, the figure is equivalent to around IDR7,812,886,630,000 or around IDR7.8 trillion. This fund flow is said to almost cover the ETF fund flow deficit throughout the current year.

Of the 11 Bitcoin ETFs traded, 10 of them recorded positive investor demand on the day.

3. Crypto funds record inflow of almost $1 billion

In addition to ETFs, crypto investment funds as a whole also recorded large inflows. Reports show that crypto investment products received an inflow of nearly $1 billion in the past week.

Details:

• Bitcoin: $881 million
• Ethereum: $117 million

Conversion to rupiah:

• Bitcoin inflow ≈ Rp14,910,439,000,000
• Ethereum inflow ≈ Rp1,979,523,000,000,000

This ended a five-week period of consecutive outflows of around $4 billion.

4. Bloomberg Analyst: Don’t Jump to Conclusions Too Quickly

Bloomberg ETF analyst Eric Balchunas warns that comparisons between Bitcoin and gold in short periods can be misleading. According to him, the rise in BTC is not necessarily directly related to geopolitical tensions.

Other factors such as changes in market sentiment and investor capital rotation can also affect the price. In other words, Bitcoin’s rally may have more to do with crypto market dynamics than a global hedging function.

As such, the debate over Bitcoin’s safe haven status is far from over.

5. Investors Start Rotating away from Big Tech

In addition to movements in the crypto market, the report also showed a change in investor positioning in the stock market. Funds tracking the equal-weight S&P 500 index received inflows of about $5.9 billion this month.

In contrast, ETFs that track giant tech stocks such as the “Magnificent Seven” group experienced outflows. This shift suggests some investors are starting to diversify their portfolios.

The difference in performance is also obvious:

• S&P 500 equal-weight ETF: up about 5.5% YTD
• Tech mega-cap ETFs: down about 7.1% YTD

6. Gold Remains Stronger in the Long Term

Despite falling in the most recent period, gold is still performing strongly in the long term. Gold prices are said to have risen for seven consecutive months, recording the longest rally in history.

During that period, gold rose by about 61%. Even on a year-to-date basis, gold is still up about 17.2%, much better than Bitcoin which is still down about 19% over the year.

In addition, the world’s largest gold ETF, SPDR Gold Shares, also recorded inflows of about $3.8 billion in a single week.

7. Bitcoin Still Moving Around $70,000

After touching a level of around $74,000, Bitcoin is now moving back around $70,000. In rupiah, this price is equivalent to around Rp1,184,330,000.

Despite the small correction, BTC is still maintaining momentum after the previous rally. This movement remains a concern for crypto market players who assess whether Bitcoin is able to maintain the psychological level.

Going forward, BTC’s movement is likely to be influenced by a combination of geopolitical factors, institutional fund flows, and global market sentiment.

Also Read: 700% Crypto Withdrawal Surge in Iran: Bitcoin becomes a financial escape route during crisis

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash beforeinvesting. All activities of buying and selling Bitcoin (BTC) and other crypto asset investments are the responsibility of the reader.

Reference

• Ashish Kumar/Cryptopolitan. Bitcoin’s Post-Iran Strike Rally Reignites Safe-Haven Debate. Accessed March 6, 2026.