Bitcoin’s ‘Safe Haven’ Narrative Faces Real War Test While Iran Clock Ticks, Pompliano Doubles Down: Report

• ProCap Financial CEO Anthony Pompliano reportedly said Bitcoin had historically outperformed traditional assets roughly 60 days after major crises.
• Pompliano called the next 18 months potentially the “greatest stock market ever” and highlighted strong momentum in artificial intelligence and crypto.
• Meanwhile, Bloomberg’s Mike McGlone warned Bitcoin and copper underperformance versus the S&P 500 could signal weakening risk appetite and rising macro pressure.

ProCap Financial CEO Anthony Pompliano stated on Wednesday that Bitcoin (BTC) could once again demonstrate its "safe haven" credentials as geopolitical tensions between the U.S. and Iran approach a critical 60-day mark. 

In the “last seven financial crises” since 2020, Bitcoin lagged but outperformed cash, stocks, gold, and treasuries around 60 days, according to Pompliano on CNBC's Squawk Box.

Pompliano said the pattern suggested Bitcoin’s response to macro shocks may be delayed, as investors first rotate into traditional safe havens before reallocating. According to Pompliano, Bitcoin has “now established itself as king of safety havens,” describing it as an asset that markets increasingly “want to hold on to during uncertainty.”

Pompliano also struck a broader bullish tone on risk assets, saying the next 18 months could be the “greatest stock market ever,” while emphasizing that both artificial intelligence and crypto continue to attract sustained capital and innovation.

“It’s very hard not to be bullish on AI and crypto right now,” he said during the interview.

Bitcoin’s price was trading at $78,745, up by 3.2% during pre-market hours. On Stocktwits, the retail sentiment around BTC remained in the ‘bullish’ zone, while chatter increased to ‘high’ from ‘normal’ levels over the past day.

Bitcoin Trails Risk Signals As Macro Pressures Build

His comments come as broader market signals raise questions about Bitcoin’s positioning in the current cycle. Bloomberg Intelligence Strategist Mike McGlone said on X that copper and Bitcoin, assets that previously led equity markets, have both underperformed the S&P 500 since 2023.

McGlone warned that the divergence could point to weakening risk appetite, noting that both crypto and metals markets appeared increasingly dependent on continued macro support. He added that the trend may signal broader contagion risks if underlying conditions deteriorate. This showed ongoing uncertainty around Bitcoin’s role during periods of geopolitical stress, even some market participants continued to position it as a long-term safe-haven asset. 

Read also: BlackRock Silently Scoops Nearly $1 Billion Of Bitcoin, Outpacing Weekly BTC Supply

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