Morning Minute: Bitcoin Outperforms Gold, Stocks During Iran War

Core Insights - Bitcoin has significantly outperformed gold and stocks since the onset of the Iran conflict, recovering from a drop to approximately $63,000 to over $70,000, marking a 7% increase [2][5] - Institutional interest in Bitcoin is evident, with major players buying during dips, as indicated by the return of the Coinbase premium and supporting data from Glassnode [3][6] Bitcoin Performance - Bitcoin's price increased by 7% while gold and stocks both declined by 1%, and tech stocks saw a slight increase of 1% [2][6] - Approximately 600,000 BTC were absorbed by buyers during the price dip below $70,000, indicating strong demand [6] STRC and Institutional Activity - Saylor's STRC product contributed to Bitcoin's outperformance, with a notable purchase of $1.28 billion in Bitcoin, including $377 million from STRC proceeds [2] - STRC set a new record by generating 1,369 BTC in buy pressure, which was later surpassed with 3.4 million shares traded, resulting in the purchase of 2,038 BTC [2][5] Polymarket Developments - Polymarket has partnered with Palantir and TWG AI to create a sports integrity platform for its U.S.-regulated prediction market, utilizing the Vergence AI engine for monitoring [3][4] - The prediction markets are currently experiencing significant volume, estimated at $2 billion to $3 billion per week, with sports contracts making up 40-70% of that volume [7]