Bitcoin

This event fits into a pattern of rising geopolitical tensions and government spending that may fuel inflation expectations. While Bitcoin is often touted as an inflation hedge, the immediate market reaction tends to be risk-off during geopolitical shocks, especially when sentiment is already fearful (Fear & Greed at 29).

Hegseth stated that the Iran war has cost the US $37.5 billion so far, and the Pentagon is seeking billions more in additional funding.