Bloomberg analyst warns against overreading Bitcoin and gold debate amid Iran war
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By Pooja Rajkumari
Published on March 26, 2026.
Experts from Will Rhind and Eric Balchunas have stated that the Bitcoin versus gold debate is still premature. They argue that the recent outperformance of Bitcoin over gold has sparked a debate over whether it will replace gold as a safe-haven asset. During the U.S.-Israel-Iran war, Bitcoin fell to as low as $63,000, while gold reached record highs. However, over the last few days, Bitcoin has held above $70,000. On March 26, it was trading near $68,969, down 2.2% over the past 24 hours. Both analysts believe that diversification is the best strategy for investors and that Bitcoin still lacks belief and momentum.
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