Recent geopolitical turmoil surrounding the Israel-Iran conflict has sent tremors through global markets, impacting Bitcoin (BTC) and other assets. Israel’s strike on Iran triggered sharp drops in BTC prices, reaching lows near $103,000. Gold, meanwhile, surged near record highs. This volatility exposed existing debates about Bitcoin’s role as a safe haven asset, highlighting its sensitivity during periods of uncertainty. Peter Schiff, a long-time gold advocate, used the downturn to criticize Bitcoin, arguing that its price swings demonstrate its instability and make it a poor choice for crisis hedging like traditional gold. In contrast, many remain bullish on Bitcoin’s potential for long-term growth, citing factors like its scarcity, decentralization, and growing institutional interest.