#美伊局势影响 #比特币保持坚挺 Global stock markets are plunging across the board, while Bitcoin approaches $70,000 and stands tall!

After Trump launched a military strike against Iran over the weekend, and with Iran’s Supreme Leader Khamenei and several high-ranking officials killed, many people see this as just another quick weekend cleanup operation.
However, war never follows politicians’ scripts. Today marks the second day of the US stock market opening, with the death toll in Iran rising to 787; 6 US military personnel have been killed, and 10 Israelis. Iran’s drones attacked the US embassy in Saudi Arabia, while Israel launched ground operations in Lebanon simultaneously. Trump himself admitted that the war could last four to five weeks or even longer. The Strait of Hormuz has been declared closed, and more than a dozen oil tankers have been hit by Iran—Brent crude oil surged nearly 10% in a single week! Global stock markets are plunging on the news. The three major European indices fell more than 3%, and the three major US indices all closed lower.
In contrast, Bitcoin quickly rebounded after an initial panic sell-off, now approaching $70,000, even slightly higher than before the outbreak of war.
01 Middle Eastern data centers hit, AI systems down, Bitcoin remains fully operational
This war has exposed the most fragile side of digital civilization.
Iran’s drones precisely targeted two AWS data centers in the UAE and a facility in Bahrain, causing power outages and equipment damage. This led to the global shutdown of major AI services like Claude and Grok on March 2. The Middle Eastern ride-hailing platform Careem shut down, payment platforms Alaan and Hubpay became inaccessible, and Abu Dhabi Commercial Bank’s mobile app was completely disrupted. Residents in Dubai found that almost all apps on their phones stopped working. This is not a minor incident; it’s a geopolitical collapse of digital infrastructure.
Meanwhile, the Bitcoin network has never gone down even for a second. Without centralized servers or single points of failure, nodes spread across the globe give Bitcoin an inherent immunity against geopolitical conflicts. Decentralization is no longer just a slogan; it’s a survival advantage validated by war.
02 Who is the real safe-haven asset? The harsh reality of gold
Gold? Available in Dubai, but not portable.
As a major global gold trading hub, Dubai’s status in the international gold market is comparable to Shenzhen’s Shuibei. However, the Strait of Hormuz blockade and flight cancellations have disrupted transportation. More importantly, gold is only free to move in and out of Dubai; once taken to other countries, it’s difficult to bring it out again. While the old saying suggests buying gold in troubled times, ancient times had no restrictions on leaving with gold.
Iranian elites turn to cryptocurrencies
Iranian elites are voting with cryptocurrencies. After the outbreak of war, Nob, Iran’s largest crypto exchange, saw a 700% surge in daily trading volume. Currently, the Iranian government is blocking internet access, with only 1% of elites able to go online. After targeted purges of Iranians illegally accessing the internet, most of those who can go online are using officially issued “white SIM cards.” Therefore, this explosive growth in on-chain crypto transactions can be seen as Iranian elites voting with their actions—being hit makes them obedient, and Iran has become a major crypto client!
Institutional funds’ choice
Institutional funds have given the answer with real money. On March 2, the US spot Bitcoin ETF saw a net inflow of $458 million, with BlackRock’s IBIT recording a single-day net inflow of $263 million; this week, net inflows over several days totaled over $1.1 billion, ending months of net outflows.
Some call this round of capital inflow a turning point—Bitcoin is completing its transformation from a speculative asset to an institutional safe-haven asset.