Crypto Vs Equities CrosscurrentsCrosscurrent

Hard assets rotation framing Bitcoin alongside oil and commodities during Iran conflict

March 31, 2026Peter Schiff, kpak, Shay Boloor

Macro oriented accounts tie the Iran conflict and oil shock to a rotation narrative, comparing Bitcoin performance to equities and commodities and debating whether crypto is acting as a hedge or just another risk asset.

Stocks, bonds, gold, and Bitcoin are selling off, and oil is rallying as Trump re-escalates the war with Iran
2026 YTD... Oil $USO: +84% ... Bitcoin $IBIT: -23%
Crypto was the place to be since the U.S.-Iran war began: • Ethereum +9% • Bitcoin +4% • S&P 500 -5% • Gold -12%
Peter Schiff
kpak
Shay Boloor
Jurrien Timmer
Anthony Pompliano
macrorotationgeopoliticsbitcoinbtcfed

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