From the Desk of Anthony Pompliano Bitcoin Keeps Outperforming Other "Safe Haven" Assets
Mar 23, 2026
A fast look at why bonds and gold are not behaving like traditional safe havens right now. A deep dive into Iran’s recent actions and how they are shaking markets. A sharp comparison showing Bitcoin outperforming gold amid the conflict. A brief market outlook on oil, yields, and which assets may stay resilient while tensions persist.
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Treasuries Behaving Like Risk Assets
- U.S. Treasuries are acting like risky assets during the Iran conflict rather than safe havens.
- Anthony Pompliano links rising yields and falling treasury prices to oil-driven stagflation fears that deter Fed rate cuts and push investors away.
Iran's Threat Against Financial Targets
- Iran publicly threatened financial institutions that finance the U.S. military, naming U.S. Treasury bonds as targets.
- Pompliano highlights the unsettling claim that buying treasuries could invite strikes and that portfolios are being monitored.
Iran's Asymmetric Disruption Strategy
- Iran has used asymmetric tactics like attacking energy infrastructure, shipping, and threatening subsea cables to maximize disruption.
- Pompliano compares Iran's unpredictability to an irrational actor that uses dirty tactics and lacks restraint.