Bitcoin Outperforms S&P 500, Gold 75 Days Into U.S.-Iran War

Seventy-five days into the U.S.-Iran war, Bitcoin has surged ~20% YTD, outperforming the S&P 500 at a fresh all-time high and gold down ~11%, despite BTC remaining ~37% below its peak. This follows analyst Benjamin Cowen's May 14 analysis showing Bitcoin, gold, and stocks deliver stronger median returns under divided U.S. governments versus single-party sweeps, where BTC averaged +410% under Republicans but -2% under Democrats. BTC's current -7% YTD trails historical midterm-year averages of +65%, yet wartime resilience underscores its 24/7 tradability and liquidity advantages amid geopolitical shocks.