According to CryptoPotato, since the Israel-Hamas conflict began three weeks ago, both bitcoin and gold have experienced significant price increases. Gold's price against the dollar was at a local low of around $1,830 but has since jumped by roughly 10% to surpass the $2,000 mark. Bitcoin's price stood at around $28,000 when the conflict started and has since gained 23%, currently trading above $34,000.
When asked about the possible future performance of bitcoin and gold amid the ongoing conflict, the AI chatbot ChatGPT did not provide a direct answer. Instead, it emphasized that both assets can be influenced by various factors, including political events, economic conditions, and investor sentiment. The chatbot also noted that while gold has a proven track record as a reliable hedge against inflation, bitcoin's short history means it hasn't yet been tested through multiple economic cycles.
