Bitcoin outperforms gold by roughly 36% since Iran war began

Bitcoin has outperformed gold by approximately 36% since the start of the 2026 Iran war, with Bitcoin rising 7-10% and gold remaining flat or down. This reversal of the traditional 'gold as safe haven' pattern is attributed to ETF inflows and the 'digital gold' narrative. Analysts note Bitcoin's behavior as a risk-sensitive alternative store of value.