Bitcoin vs. Gold: Where would $10K perform better in the next macro shock?

A hypothetical $10k investment highlights a key divergence.

From a technical perspective, Bitcoin displayed stronger resilience than precious metals during the US-Iran conflict.

A hypothetical $10,000 investment in BTC would have grown to $11,762, while the same investment in gold and silver would have hit $8,200 and $7,310, respectively.

This is notable, as metals usually act as a safe haven during macro uncertainty.

However, in the presented scenario, Bitcoin was able to outperform both gold and silver, thus presenting a different risk-reward profile, making it a key divergence that could become important as macro volatility picks up this month.

At the macro front, the FUD is just getting started. 

The build-up to the FOMC meeting is already showing in the U.S. Treasury market, with the 10-year Treasury yield jumping from 4.7% to nearly 4.9% and heading back towards multi-year highs.

This shows increased pressure in the bond market and could add another layer of volatility for risk assets.

However, another significant divergence appears to be emerging. As one analyst pointed out, every time the 10-year Treasury yield climbed in the last four times, Bitcoin [BTC] responded with a parabolic movement.