The conflict in Iran highlights different risk profiles for Bitcoin and oil.

The situation in Iran affected oil and Bitcoin in different ways. Crude oil prices rose due to the threat to the Strait of Hormuz, while Bitcoin showed a more muted reaction—confirming that it follows a different logic than the energy commodities market.

Holding both assets in a portfolio can serve as a genuine form of diversification during geopolitical conflicts, as they do not react in the same way to the same event.