Under geopolitical tensions, Bitcoin and gold diverge — which one is the true safe haven asset?

【CryptoWorld】Under the tariff storm, the “safe haven” that investors are optimistic about has shown interesting divergence. Gold soared to a historic high of $4690 per ounce, but Bitcoin did not follow suit—instead, it fell to $92,574, with over $864 million in long positions being wiped out in this round of decline.

What does this phenomenon indicate? Many analysts point out that when geopolitical tensions escalate, the market’s perception of Bitcoin becomes very clear: it is still treated as a risk asset rather than a true safe haven. In contrast, gold has consistently demonstrated its safe haven properties. This also reflects that, in the face of traditional risk events, institutional investors and retail investors still have different perceptions of crypto assets. The future direction depends on whether market sentiment will adjust its view of BTC.