May 18, 2026 2:01 PM
Bitcoin has utterly failed as a safe haven during the latest U.S.-Iran escalation. Despite the "digital gold" narrative, BTC collapsed from $82,000 to $76,000 just as war threats intensified and inflation hit a one-year high. If Bitcoin can't hold its value during a literal war threat and an oil shock, the "inflation hedge" thesis is officially dead. It’s just another high-risk asset that crumbles when the world gets dangerous. Is Bitcoin’s status as a hedge gone for good?
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