Bitcoin (CRYPTO: BTC) is beginning to stand out as a true “borderless asset” as geopolitical tensions rise, according to Professional Capital Management CEO Anthony Pompliano.
Bitcoin Diverges As Chaos Hedge
Pompliano highlighted in his weekly podcast update that Bitcoin and oil are the two assets currently showing strength.
While oil’s rally is driven by supply disruptions, Bitcoin’s move is more notable, rising roughly 10% since the first signs of escalation, even as traditional markets struggle.
He offered two interpretations for Bitcoin’s resilience:
- Chaos hedge thesis: Bitcoin is behaving as expected, acting as a hedge during global instability
- Retail-driven rally: …