TechFlow News, March 5: Eric Balchunas, Senior ETF Analyst at Bloomberg, posted on X stating that Bitcoin ETFs attracted another $500 million in inflows. Ten out of eleven U.S. Bitcoin ETFs saw strong investor demand. Additionally, since the escalation of the Middle East conflict, Bitcoin has risen approximately 12%, while gold declined over the same period—prompting market discussions about the safe-haven attributes of both assets.
Balchunas added that it is relatively rare for Bitcoin to strengthen while gold weakens amid rising geopolitical uncertainty, prompting some investors to reconsider the roles of traditional “safe-haven assets” versus “digital gold.” Does this indicate that gold has failed to serve its safe-haven function under current conditions—or conversely, that Bitcoin is increasingly assuming part of the role of a safe-haven asset? Nevertheless, long-term market views remain divided: some analysts maintain that gold remains the primary safe-haven asset during traditional crises, whereas Bitcoin’s market performance tends to be more volatile.
