In doing so I am comparing Bitcoin to Gold , which is the traditional standard of Safe Haven. I don't want to go into much detail through the timeline of the Iran Conflict, as the chart comparison is pretty explanatory itself. You see that BTC's price action has been identical to Gold's throughout the conflict. In fact the spikes (upon acts of aggression) and pull backs (upon acts of deescalation) are fairly similar.
This is a good case in favor of those who call Bitcoin "The Digital Gold". After all Bitcoin's use is that of Store of Value.
Do you think Bitcoin is the Digital Gold in times of geopolitical tensions? Let me know in the comments section!
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**NOTE: That is not the first time BTC and Gold provide patterns with striking similarities.
Similarities that have allowed to accurately price Bitcoin's bottom:
Or still see an early entry on the Golden Cross occurrence:
Even spot the parabolic extension from the 0.382 Fibonacci level to the 0.618 peak:
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Anyway, that was when I realized BTC has proven to a be new safe heaven such that even laymen (those unfamiliar with high-tech) were suddenly talking about btc purchase!!!