## Bitcoin's Resilience Amid Geopolitical Tensions

Bitcoin is demonstrating remarkable resilience in the face of renewed geopolitical risks, absorbing shocks better than traditional assets like oil and equities. On Monday morning, Bitcoin traded at **$74,335**, experiencing a modest **1.6% pullback** over 24 hours but still up **4.8%** for the week. This comes after Iran reimposed controls on the **Strait of Hormuz** over the weekend, following a U.S. Navy seizure of an Iranian ship.

### Market Movements Across Assets

While Bitcoin showed relative stability, other assets reacted more sharply:
- **Ether** slipped 2.6% to $2,272
- **Solana** fell 1.5% to $84
- **BNB** held flat at $618
- **Brent crude** jumped **5.7%** to $95.50 a barrel
- **European natural gas futures** surged as much as **11%**
- **S&P 500 futures** fell 0.6%
- **European equity futures** indicated a **1.2% drop** at the open
- **Gold** fell 0.8% to $4,790
- The **U.S. dollar** edged up as traditional war-hedge demand returned

### The Geopolitical Context

The weekend flare-up reversed a three-week unwind of war risk premium. Iran had declared the Strait "completely open" on Friday, prompting the S&P 500's record close and a broad rally across emerging markets. By Sunday morning, tensions escalated with threats from former President Trump and signals from Tehran that it may skip further talks while the U.S. maintains its naval blockade.

### A Pattern of Diminishing Reactions

This marks the **fourth major Iran-related risk event** that cryptocurrencies have absorbed since the conflict began. Notably, the pattern shows **shrinking sell-offs** with each successive escalation. Earlier events produced sharper drawdowns in Bitcoin, but this latest incident saw a more muted reaction, even as oil and equities continued to price each headline fresh.

### Implications for Bitcoin's Role

The divergence suggests that **crypto has largely finished pricing the geopolitical tail risk** that traditional markets are still reacting to. This could be because:
1. Holders who were going to sell on Iran headlines have already sold
2. The **spot ETF bid** has become a more reliable floor than the futures-driven weekend gaps that defined earlier cycles

### What Traders Are Watching

Key factors to monitor through the U.S. session include:
- Whether the **10-year Treasury yield** holding near 4.27% and the dollar bid pull Bitcoin lower through the risk-parity channel
- Whether the **equity correlation** that dominated Q1 loosens on a day when the driver is explicitly geopolitical rather than macro-liquidity

### Critical Price Levels

If Bitcoin holds **$74,000** through the European open and the Strait of Hormuz situation deteriorates further, the asset's emerging reputation as a **geopolitical shock absorber** gains another data point. However, if the move extends below **$73,000** on any incremental Iran headline, the shrinking-sell-off thesis breaks.

### Broader Market Context

The article also mentions that Strategy purchased **34,164 Bitcoin** for about **$2.54 billion** last week at an average price of $74,395 per coin. The company has spent roughly **$61.56 billion** on its Bitcoin holdings at an average cost of $75,527 per coin.

Bitcoin traded at $74,335 after Iran reimposed controls on the Strait of Hormuz over the weekend, with the modest 1.6% pullback standing out against a 5.7% jump in Brent and a 1.2% drop in European equity futures.

Bitcoin's Resilience Shines as Geopolitical Tensions Escalate: A Deep Dive into Market Reactions

Billionaire investor Ray Dalio built **Bridgewater Associates** into one of the most successful hedge funds in history, overseeing roughly **$150 billion in assets** at its peak and earning a reputation as one of Wall Street’s top macro thinkers. While Bridgewater is best known for its diversified, risk-balanced portfolio construction, the firm’s latest equity holdings reveal a growing conviction in the major long-term theme of **artificial intelligence**.

Bridgewater has built meaningful positions in four technology companies tied to different parts of the AI ecosystem, including **NVIDIA** (NASDAQ:NVDA), **Lam Research** (NASDAQ:LRCX), **Salesforce** (NYSE:CRM), and **Alphabet** (NASDAQ:GOOGL).

Here’s why Bridgewater is betting big on each and what investors should know about these companies.

## NVIDIA Remains Bridgewater’s Largest AI Bet

Bridgewater’s biggest individual technology holding is **NVIDIA Corporation**, which makes up roughly **2.6% of the firm’s portfolio** after the fund increased its position by more than 54% last quarter. The move signals growing conviction in the company still viewed as the clear leader in **AI chip infrastructure**.

The business continues to deliver exceptional growth. NVIDIA reported fourth-quarter fiscal 2026 revenue of $68.13 billion, up 73% year over year, while data center revenue climbed to $62.31 billion. CEO Jensen Huang described the current moment as an “Agentic AI inflection point.” NVIDIA’s Q1 FY27 guidance of approximately $78B in revenue suggests demand remains extremely strong despite concerns around an eventual slowdown.

For Bridgewater, NVIDIA represents the highest-conviction pure-play AI infrastructure bet in the portfolio. While shares are up 77% over the past year, Bridgewater’s aggressive buying suggests the firm believes the long-term AI runway remains far from over.

## Lam Research Gives Bridgewater Exposure to the Semiconductor Supply Chain

Bridgewater’s second-largest individual technology position is **Lam Research Corporation**, which accounts for **roughly 1.9% of the portfolio** despite the fund trimming the position by about 12% last quarter. Lam Research may not receive as much attention as NVIDIA, but it plays a critical role in the semiconductor ecosystem by manufacturing the equipment used to produce advanced chips. As AI demand drives more semiconductor production globally, companies like Lam stand to benefit from rising manufacturing investment.

CEO Tim Archer called the AI infrastructure buildout a “sustained multi-year growth catalyst.” Lam’s stock has risen 56.35% year to date and 299.05% over the past year, suggesting the market is pricing in that multi-year runway aggressively. The company recently reported fiscal second-quarter 2026 revenue of $5.34 billion, up 22% year over year.

Although Bridgewater reduced its stake modestly, the firm maintaining such a large position suggests it still sees significant upside in the broader semiconductor buildout.

## Salesforce Represents a More Contrarian AI Software Play

Bridgewater also holds a sizable position in **Salesforce**, which makes up **approximately 1.8% of the portfolio** after the fund trimmed its holdings slightly during the quarter. Unlike NVIDIA and Lam Research, Salesforce gives Bridgewater exposure to the software side of the AI theme. The company has been aggressively rolling out its Agentforce platform, which helps enterprises deploy AI-powered digital workers and automation tools.

Momentum appears strong so far. Salesforce reported fourth-quarter fiscal 2026 earnings per share of $3.81, beating estimates, while Agentforce annual recurring revenue surged 169% year over year to $800 million. The company beat Q4 FY26 EPS estimates, with Agentforce ARR reaching $800M, up 169% YoY, and 29,000 deals closed. Management raised its FY30 revenue target to $63B and authorized a new $50B buyback program. Despite that strength, CRM shares trade at about $180 after falling 30% year to date, which represents significant upside to analysts’ consensus price target of $273.73.

What may make Salesforce particularly attractive today is valuation. Shares remain well below recent highs despite improving fundamentals, potentially giving investors a more reasonably priced way to gain exposure to enterprise AI adoption.

## Alphabet Adds Cloud and AI Platform Exposure

Finally, Bridgewater maintains a major position in **Alphabet Inc.**, with the stock representing **roughly 1.8% of the portfolio** even after the fund reduced its holdings by 40% last quarter. Despite the trim, Alphabet remains one of Bridgewater’s larger technology bets and gives the portfolio exposure to both cloud computing and consumer-facing AI applications.

Google Cloud revenue jumped 48% year over year to $17.66 billion in the company’s most recent quarter, while the Gemini app has reportedly surpassed 750 million monthly active users. Alphabet also plans to spend between $175 billion and $185 billion in capital expenditures during 2026 as it continues investing heavily in AI infrastructure. Even after trimming the stake, Bridgewater’s sizable position suggests the firm still sees Alphabet as one of the strongest long-term beneficiaries of the AI and cloud computing boom.

Billionaire investor Ray Dalio built Bridgewater Associates into one of the most successful hedge funds in history, overseeing roughly $150 billion in assets at its peak and earning a reputation as one of Wall Street’s top macro thinkers. While Bridgewater is best known for its diversified, risk-balanced portfolio construction, the firm’s latest equity holdings reveal a ... Billionaire Ray Dalio Is Betting Big on These 4 AI Stocks

Ray Dalio's AI Stock Picks: How the Billionaire Investor Is Betting on the Future of Artificial Intelligence

Everyone's buzzing about the upcoming SpaceX initial public offering (IPO), which is likely to become the biggest IPO in history. The focus right now for many investors is finding ways to get exposure to SpaceX pre-IPO, as well as finding other space stocks that might go along for the ride in a broader space bull market.

But don't forget about the potential impact of a SpaceX IPO on the crypto market. In fact, there's one cryptocurrency that could go absolutely ballistic after the SpaceX IPO this year.

## SpaceX's Bitcoin Holdings

SpaceX holds over **$600 million in Bitcoin** on its balance sheet, and that's enough to make SpaceX the fourth-largest corporate holder of Bitcoin in the world. The 8,285 BTC that the company holds is more than, for example, the 7,000 BTC held by **American Bitcoin Corp.**

Once investors and analysts see how much Bitcoin SpaceX is holding on its balance sheet, it might encourage other tech companies to add Bitcoin to their balance sheets as a treasury asset. That's especially the case given that **Tesla**—another Elon Musk company—is also a noteworthy holder of Bitcoin.

![Business people holding briefcases on the moon while gazing back at Earth.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F865754%2Fmoon-businessmen.jpg&w=3840&op=resize)

For now, arguably the best template for a tech company hoarding Bitcoin is **Block, Inc.**, the fintech company formerly known as Square. The company holds 8,883 BTC on its balance sheet. But Block, even though it's helmed by tech visionary Jack Dorsey, is not big enough to really move the needle.

Bitcoin needs a **"Magnificent Seven" company**—or a company with the same size and heft as a Magnificent Seven company—to embrace crypto as a treasury asset. And that's exactly the role that SpaceX could fill, if it is indeed valued at $1.75 trillion, as many now expect. If the SpaceX IPO leads to sustained buying of crypto by companies across the tech sector, it could send Bitcoin soaring.

## Elon Musk and Dogecoin

But let's think out of the box as well. It's easy to see how the meme coin **Dogecoin** could also get a boost. In the past, Musk has been a high-profile DOGE supporter, and any social media mentions of Dogecoin going to outer space with SpaceX might light a rocket fire under the meme coin.

That might sound like a flight of fancy, except that it has already happened. In the past, Musk has suggested that Dogecoin might become the first interplanetary currency. And he has suggested that future moon missions might be paid for entirely with Dogecoin.

## SpaceX "Scam Coins"

Finally, there's the dark underbelly of the crypto world: scam coins. Inevitably, crypto tokens are going to launch, claiming to be backed by SpaceX. Already, for example, a coin called SpaceXCoin has launched and attained a $100,000 market cap.

Unfortunately, that means at least $100,000 of wealth is going to be wiped out, because these coins tend to be nothing more than pump-and-dump schemes. Right now, there is no official SpaceX crypto token, so buyer beware.

## Bitcoin to the Moon?

For now, the only crypto worth keeping an eye on is Bitcoin. Once people realize how much Bitcoin SpaceX holds, it might encourage other companies to add Bitcoin to their balance sheets.

As a result, I'm fully expecting Bitcoin to blast higher to stratospheric new levels, and it's going to do so thanks to the rocket fuel supplied by SpaceX.

As one of the largest corporate holders of Bitcoin in the world, SpaceX could help Bitcoin blast higher.

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