"Wall Street money shifting from gold to Bitcoin…target $84,000"

As geopolitical risks in the Middle East intensify, an analysis suggests that large pools of global investment capital are rapidly moving out of gold—a traditional safe haven—and into Bitcoin.

On the 12th (local time), crypto-asset (cryptocurrency) derivatives exchange BitMEX said in a recently published report that a confluence of geopolitical instability, institutional inflows and supply tightness will lift Bitcoin to $84,000 in the short term.

BitMEX highlighted that since the recent Iran military conflict, price moves in gold and Bitcoin have clearly diverged. After tensions escalated on the 24th of last month, Bitcoin rose 8.09%, while gold fell 0.42%.

The report said that "the Strait of Hormuz crisis has blocked logistics routes, making the transport of heavy, bulky physical gold riskier," adding that "as Bitcoin’s convenience—real-time transfer without border constraints—comes into sharper focus, institutional investors are choosing Bitcoin as an alternative safe-haven asset."

Massive inflows via U.S. equities are also a key driver of the rally. With large amounts of money steadily flowing into spot Bitcoin exchange-traded funds (ETFs), aggressive fundraising by U.S. company MicroStrategy—often dubbed a 'Bitcoin whale'—is leading the market. According to BitMEX, the company has secured funds to buy up to $180 million worth of Bitcoin in just the past two days, creating strong buying pressure.

Bitcoin’s structural scarcity is also bolstering investor sentiment. Bitcoin was designed with a hard cap of 21 million coins, and cumulative mining output has recently surpassed 20 million. The analysis says the arithmetic constraint that only 1 million coins remain available for new supply is fueling a race among investors to buy in early.

Based on these macro trends, BitMEX set an initial price target of $84,000. As an investment strategy, it recommended the $67,000–$71,000 range as the optimal entry point offering the best risk-adjusted return. However, it advised an immediate stop-loss if the key support level of $64,000 is broken to the downside on a daily close basis.