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Bitcoin Lags Behind Risk Assets Amid Iran Peace Deal Optimism

Guavy AI Editorial Team
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BTC
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Economist Peter Schiff has observed that hopes for an Iran peace deal have boosted risk assets and stocks, but Bitcoin's price has barely moved.

Schiff noted that the ongoing 'peace-inspired mega-rally' has been a boon for many sectors, with mining stocks like VanEck Gold Miners ETF (GDX) surging by 5.155%.

However, Bitcoin's price has only increased by 1.10%, lagging behind other risk assets like the Nasdaq Composite and Dow Jones Industrial Average, which have risen by 4.77% and 3.05%, respectively.

Schiff views this stagnation as a warning sign for Bitcoin's prospects during the next risk-asset selloff, saying 'The Bitcoin party is over.'

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