{"id":41172,"date":"2026-04-16T18:00:42","date_gmt":"2026-04-16T18:00:42","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=41172"},"modified":"2026-04-16T18:00:42","modified_gmt":"2026-04-16T18:00:42","slug":"why-did-the-bitcoin-price-rally-past-75000-despite-the-us-iran-war","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=41172","title":{"rendered":"Why Did The Bitcoin Price Rally Past $75,000 Despite The US-Iran War?"},"content":{"rendered":"<p>Bitwise Chief Investment Officer (CIO) Matt Hougan has explained why the Bitcoin price has shown strength amid <a href=\"https:\/\/experts.bitwiseinvestments.com\/cio-memos\/why-bitcoin-rallies-on-geopolitical-uncertainty\" target=\"_blank\" rel=\"noopener nofollow\">the US-Iran war<\/a>, with the leading crypto rallying above $75,000. BTC is notably up over 12% since the war started, outperforming the stock market and gold.\u00a0<\/p>\n<h2>Why The Bitcoin Price Has Rallied Above $75,000 Despite U.S.-Iran War<\/h2>\n<p>In his <a href=\"https:\/\/experts.bitwiseinvestments.com\/cio-memos\/why-bitcoin-rallies-on-geopolitical-uncertainty\" target=\"_blank\" rel=\"noopener nofollow\">weekly Bitwise memo<\/a>, Hougan stated that the Bitcoin price strength during the US-Iran war stems from the conflict itself. He explained that BTC has outperformed gold and the stock market because investors are betting on either of the crypto\u2019s two major use cases or narratives. The first narrative is that <a href=\"https:\/\/bitcoinist.com\/bitcoin-didnt-fail-digital-gold\/\" target=\"_blank\" rel=\"noopener nofollow\">Bitcoin will become \u201cdigital gold\u201d<\/a> and so will be able to compete with physical gold in the $38 trillion \u201cstore of value\u201d market.\u00a0<\/p>\n<p>He noted that this is BTC\u2019s current use case, and this narrative may be why <a href=\"https:\/\/bitcoinist.com\/change-of-bitcoin-plan\/\" target=\"_blank\" rel=\"noopener nofollow\">the Bitcoin price<\/a> has rallied amid the US-Iran war as investors see it as a safe haven rather than a risk asset. The Bitwise CIO described this bet on BTC as digital gold as very attractive and predicted that the leading crypto could reach $1 million if it captures 17% of the store-of-value market.\u00a0<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" class=\"size-large wp-image-892030\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2026\/04\/Bitcoin-chart-from-Bitwise-1.png?w=512&amp;resize=512%2C320\" alt=\"Bitcoin\" width=\"512\" height=\"320\" loading=\"lazy\" \/><\/p>\n<p>Meanwhile, Hougan stated that the second bet on BTC is the belief that it might act like a traditional currency, suggesting that this is another reason that it is outperforming during this ongoing conflict. He noted that this second bet is like an \u201cout-of-the-money call option\u201d where it pays off if BTC is used more widely for international settlement.\u00a0<\/p>\n<p>The Bitwise CIO stated that for most of Bitcoin\u2019s life, it seemed unlikely that it would become a global currency, as until a few years ago, the world relied exclusively on dollar-based financial rails. However, that is now changing. He alluded to <a href=\"https:\/\/bitcoinist.com\/iran-crypto-tolls-oil-tankers-must-pay-in-bitcoin\/\" target=\"_blank\" rel=\"noopener nofollow\">Iran receiving BTC<\/a> for toll payments at the Strait of Hormuz, which has boosted the crypto\u2019s status as a currency and contributed to the Bitcoin price rally.\u00a0<\/p>\n<h2>World Monetary Order Is Flipping In BTC\u2019s Favor<\/h2>\n<p>The Bitwise CIO noted that the US-Iran war has made the world monetary order more volatile, but has also increased the probability that <a href=\"https:\/\/www.newsbtc.com\/bitcoin-news\/can-bitcoin-still-hit-140000\/\" target=\"_blank\" rel=\"noopener \">Bitcoin will become a global currency<\/a>. As such, the war has made BTC a more valuable out-of-the-money call option, which is why the Bitcoin price has shown strength during this period.\u00a0<\/p>\n<p>Hougan added that with Iran\u2019s move to accept <a href=\"https:\/\/bitcoinist.com\/square-introduces-bitcoin-pos-payments-in-major-us-expansion\/\" target=\"_blank\" rel=\"noopener nofollow\">BTC payments<\/a>, the world has taken a step closer to integrating an apolitical currency into the global financial ecosystem. Therefore, whenever conflicts like the US-Iran war occur, the incentive to invest in apolitical assets like BTC increases, which serves as a catalyst for a higher Bitcoin price.\u00a0<\/p>\n<p>At the time of writing, the Bitcoin price is trading at around $75,100, up in the last 24 hours, according to <a href=\"https:\/\/coinmarketcap.com\/currencies\/bitcoin\/\" target=\"_blank\" rel=\"noopener nofollow\">data<\/a> from CoinMarketCap.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/H24fJkBq\/\" alt=\"Bitcoin\" width=\"2108\" height=\"1636\" \/><\/p>","protected":false},"excerpt":{"rendered":"<p>Bitwise Chief Investment Officer (CIO) Matt Hougan has explained why the Bitcoin price has shown strength amid the US-Iran war, with the leading crypto rallying above $75,000. BTC is notably up over 12% since the war started, outperforming the stock market and gold.\u00a0 Why The Bitcoin Price Has Rallied Above $75,000 Despite U.S.-Iran War In [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":41173,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-41172","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Why Did The Bitcoin Price Rally Past $75,000 Despite The US-Iran War? - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=41172\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why Did The Bitcoin Price Rally Past $75,000 Despite The US-Iran War? - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Bitwise Chief Investment Officer (CIO) Matt Hougan has explained why the Bitcoin price has shown strength amid the US-Iran war, with the leading crypto rallying above $75,000. 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