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Bitcoin has been soaring since March.
Since March 8, 2026, tensions in Iran have propelled the cryptocurrency to new heights. Investors are fleeing traditional assets. Bitcoin becomes their preferred refuge, surpassing gold, which loses 2%, and silver, which drops by 1.5%. An unusual situation for precious metals, typically seen as safe havens during crises.
Not business as usual.
Global stock markets have been wavering since the start of the US-Israeli hostilities. The Nasdaq has plunged by 3%, Apple has lost 2%, and Microsoft 1.8%. Investors are seeking quick alternatives. Bitcoin meets their expectations with its ability to move capital without geographical constraints. Economic sanctions enhance its appeal. The instability is even driving novices towards this volatile cryptocurrency.
The situation is reminiscent of Ukraine. In short, when things heat up, Bitcoin rises.
Christine Lagarde is concerned but acknowledges the evolution. On March 9, 2026, the ECB president expressed her concerns about Bitcoin’s volatility while admitting its growing role in portfolios. A notable change in tone compared to previous speeches on cryptocurrencies. However, financial authorities remain silent on any immediate regulations.
Goldman Sachs has big plans. Their March 10, 2026 report projects that Bitcoin investments could reach 5% of institutional portfolios by the end of the year. A projection based on the analysis of current international capital flows. The moves towards Bitcoin continue to increase, fueled by geopolitical uncertainty. For more details, see Trump jr criticizes banks over stablecoin.
The US Treasury remains silent.
This lack of official comment on Bitcoin’s recent movements raises questions. A wait-and-see strategy or a lack of response to the market’s rapid developments? Still unclear. Larry Fink, CEO of BlackRock, announced on March 11 that they are considering increasing their Bitcoin exposure in their funds. He emphasized the importance of adapting strategies to current conditions. BlackRock follows the trend, not the other way around.
Ethereum is also following the trend, reaching $3,200 on March 12, 2026. Less spectacular than Bitcoin, but it shows a growing interest in alternative cryptocurrencies. Investors are diversifying their portfolios to protect against fluctuations in traditional markets. The Japanese government is concerned about the impact on global economic stability. Shunichi Suzuki, Japan’s Finance Minister: “Japan is closely monitoring the evolution of cryptocurrency prices and their potential influence on Asian markets.”
JPMorgan released striking figures on March 13. Daily Bitcoin transactions have jumped by 25% since the start of the Iranian tensions.
Binance confirms the trend with a 30% increase in trading volumes compared to the previous month. Users are looking to take advantage of market fluctuations. Rishi Sunak, UK Finance Minister, expressed concerns about volatility during a press conference on March 14. But he acknowledged Bitcoin’s growing role as a means of transferring value in times of crisis. Governments are now closely monitoring cryptocurrencies. More on this topic: ICE Bets Big on OKX, Targets.
Chainalysis reveals impressive data in their March 15, 2026 report. Cross-border Bitcoin transactions have exploded by 40% since the start of tensions in Iran. Investors are using Bitcoin to bypass financial restrictions. This is precisely what the cryptocurrency was originally designed for. Elon Musk mentioned in a television interview the same day that Tesla continues to closely monitor the Bitcoin market. No immediate decisions announced, but it was enough to stimulate investor interest.
Bitcoin thus reaches $45,000, a peak few analysts had predicted. The rise is rapid and brutal. Financial illiterates are also turning to this cryptocurrency, attracted by its simplicity of use. The lack of regulation attracts capital seeking safety amid sanctions and growing geopolitical instability.
International tensions could further amplify the phenomenon. Bitcoin shines while gold tarnishes.
European central banks are observing this migration of capital to cryptocurrencies with particular attention. The Bank of France recorded an outflow of 2.3 billion euros from traditional savings accounts to crypto exchange platforms over the past ten days. A similar phenomenon affects Germany, where the Bundesbank notes a 1.8% decrease in bank deposits since the start of the Iranian crisis.
American hedge funds are amplifying the movement with massive investments. Bridgewater Associates has quietly increased its Bitcoin position by $200 million according to sources close to the matter. Renaissance Technologies follows with an additional $150 million invested between March 10 and 15. These institutional finance giants indirectly validate Bitcoin as a credible store of value amid current geopolitical turmoil.
