Gold Nears All-Time Highs Amid Middle East Tensions Bitcoin Still Viewed as Risk Asset

HKAN | June 16

As geopolitical tensions flare up in the Middle East, gold prices are nearing all-time highs, signaling a flight to traditional safe-haven assets. In contrast, analysts report that Bitcoin is still largely viewed as a risk asset, not yet a reliable store of value during global crises.

 

Gold Surges as Global Uncertainty Rises

 

Gold climbed past $2,400 per ounce, approaching its historic high, as investors seek security amid ongoing geopolitical instability. The surge underscores gold’s enduring reputation as a safe haven in times of war and economic uncertainty.

 

> “Gold remains the ultimate hedge when markets face geopolitical shocks,” noted one market analyst. “Its inverse relationship with global risk makes it a go-to asset.”

 

 

 

Bitcoin Fails to Rally in Tandem

 

While some expected Bitcoin to rise alongside gold, the leading cryptocurrency has shown muted movement, reinforcing the view that it behaves more like a speculative tech stock than a defensive asset.

 

BTC held steady around the $67,000 mark, failing to break higher despite gold's rally.

 

Analysts caution that Bitcoin is still seen as a "risk-on" asset, more influenced by macro liquidity than global conflict.

 

 

Safe Haven Debate Continues

 

Bitcoin advocates have long touted its potential as "digital gold", but traditional investors remain skeptical of its ability to preserve wealth in turbulent times.

 

> “Bitcoin may eventually mature into a safe haven,” one analyst said, “but for now, it’s still a high-beta asset tied to tech and growth sentiment.”

 

 

 

 

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Bottom Line

 

As gold shines amid global unrest, Bitcoin's status as a safe haven remains unproven. For now, traditional assets like gold continue to dominate in times of crisis, while Bitcoin waits for its safe-haven moment.