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Bitcoin ETFs Outpace Gold Amid Iran War, Debt Costs Climb

5/12/2026

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Story summary
  • JPMorgan analysts said bitcoin ETF inflows have outpaced gold ETF inflows since the Iran conflict began.
  • Bitcoin has risen about 30% since the U.S. war in Iran started, still far below its 2025 peak of $126,000.
  • The Congressional Budget Office reported net interest outlays on public debt rose $41 billion (7%) as debt grew and long-term rates increased.