PANews reported on April 14th that, according to The Block, Bitwise's Chief Investment Officer Matt Hougan and Head of Research Ryan Rasmussen stated in a recent report that since the US-Israel airstrikes against Iran on February 28th, the price of Bitcoin has risen by approximately 12%, while the S&P 500 has fallen by about 1% and gold by about 10% during the same period. Bitwise believes that Bitcoin's strength stems from the fragmentation of the global financial system and the "weaponization" of payment infrastructure, rather than being contrary to geopolitical risks. The institution positions Bitcoin as an asset that simultaneously bets on "store of value" and "international settlement currency," and points out that with reports that Iran is willing to accept Bitcoin for some oil shipping-related payments, its "settlement currency" option value has increased, and in the long-term valuation, $1 million should be considered a possible benchmark price rather than an upper limit.