{"id":79438,"date":"2026-04-06T15:01:32","date_gmt":"2026-04-06T15:01:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=79438"},"modified":"2026-04-06T15:01:32","modified_gmt":"2026-04-06T15:01:32","slug":"1-month-of-war-a-new-safe-haven-is-born","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=79438","title":{"rendered":"1 Month of War – A New Safe Haven Is Born?"},"content":{"rendered":"
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Is it a good thing that bitcoin ISN\u2019T being held by nation-states?<\/h2>\n

A month in- where are we at?<\/h2>\n

As last week’s article more thoroughly laid out, we’re currently in the midst of the single-worst energy crisis of not only our lifetimes, but in world history [IEA]. That crisis is coming as the result of a full-blown regional war in the Middle East.<\/p>\n

Not knowing anything other than that, one would expect oil (given the fundamentals of the situation) would be expected to be in the $150 area and neutral reserve assets like gold should be strong, the stock market to be down massively and Bitcoin, not-yet widely adopted as a neutral reserve asset, would likely be quite weak given its high beta to stocks.<\/p>\n

But that’s not what we’ve seen<\/strong><\/p>\n

Gold, arguably what should be the\u00a0strongest<\/em>, is actually the weakest. US Treasuries, the multi-decade safe haven, are also down (rates up).\u00a0Bitcoin, with its usual tendency to be high-beta and risk-on, is actually by far the best-performing asset since the start of the war.<\/strong><\/p>\n

\"\"<\/p>\n

Cross-asset performance since the war in the Middle East started.<\/small><\/p>\n

Why? What does it mean?<\/h2>\n

Let’s start with gold, as it’s probably the most counter-intuitive in terms of performance, and the reason for its sell-off is still not widely understood-<\/p>\n

Remember that the Gulf Cooperation Council (GCC) countries are all\u00a0huge<\/em>\u00a0surplus countries. Some current accounts in the GCC are a whopping 20% of GDP. By definition, this means they generally\u00a0accumulate assets\u00a0<\/em>in the form of fx reserves.<\/p>\n

\"\"<\/p>\n

A few of the GCC Current Accounts<\/small><\/p>\n

Another trait of the countries …<\/p>\n

Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Is it a good thing that bitcoin ISN\u2019T being held by nation-states? A month in- where are we at? As last week’s article more thoroughly laid out, we’re currently in the midst of the single-worst energy crisis of not only our lifetimes, but in world history [IEA]. That crisis is coming as the result of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-79438","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/79438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=79438"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/79438\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=79438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=79438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=79438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}