JPMorgan Flags Sharp Divergence Between Bitcoin and Gold ETF Flows Since Iran War

The correlation between Bitcoin (BTC) and gold has snapped under the pressure of the Iran conflict, according to a note to investors by JPMorgan. While geopolitical instability usually drives a unified bid for safe havens, the two assets are currently moving in opposite directions. This decoupling reveals a significant shift in how capital is treating “digital gold” versus the real thing. Instead of moving in tandem as crisis hedges, investors are aggressively rotating capital, creating a clear winner ...