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Institutional Insights: Goldman Sachs BTC's Geopolitical Reaction Function
BTC has risen more than 10% since 27 February, outperforming many traditional assets since the start of the US-Iran conflict. From Monday’s lows, BTC rallied 6% to a four-week high of $74.9k, while ETH gained 5% to $2,370, helped by improving risk sentiment around the conflict as well as continued ETF demand. Last week, US spot BTC ETFs recorded $833m of net inflows, while spot ETH ETFs saw $187m. Historically, BTC has often performed well in the immediate aftermath of major geopolitical shocks. Looking across seven major events over the last decade, BTC delivered positive 1-month returns in five cases, often with ... (full story)