Bitcoin heads higher as President Trump announces Iran peace agreement

Bitcoin heads higher as President Trump announces Iran peace agreement
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Bitcoin is ready to beat stocks and bonds again after underperformance against Wall Street

By Helene Braun|Edited by Stephen Alpher

2 hours ago

(Steven Lelham/Unsplash)

Bitcoin’s Rise and the Pursuit of Passive Income

As global events continue to shape the financial landscape, bitcoin is making headlines with its recent surge. The announcement of a peace agreement with Iran has led to a notable increase in bitcoin’s value. This development comes as experts, including former Credit Suisse global head of portfolio and Risk Dimensions CIO Mark Connors, weigh in on the cryptocurrency’s potential to outperform traditional assets like stocks, bonds, and gold, particularly in an environment where inflation persists.

What to know:

  • Bitcoin may be entering a new phase of outperformance versus traditional assets after ending its longest-ever stretch of underperformance against the S&P500 in early May, according to investor Mark Connors.
  • Connors argues that persistent inflation, structurally high oil prices and a “higher-for-longer” interest-rate environment are pressuring bonds and could favor…

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