Bitwise Asset Management has argued that escalating global conflict could drive Bitcoin's addressable market beyond that of gold, positioning the cryptocurrency as a geopolitical hedge at institutional scale. The firm's thesis rests on Bitcoin's properties as a borderless, seizure-resistant asset that can be transferred without intermediary infrastructure, attributes that become operationally relevant when traditional financial rails are disrupted by conflict or sanctions. Gold's market capitalization currently exceeds $13 trillion, dwarfing Bitcoin's roughly $1.3 trillion, making the implied upside dependent on a significant reallocation of safe-haven capital. The mechanism Bitwise identifies is portfolio-level substitution: as state-level asset freezes and capital controls become more common tools of geopolitical pressure, sovereign and institutional holders may increasingly favor assets that cannot be physically seized or sanctioned off the network. Whether the thesis holds depends on whether Bitcoin's liquidity depth, custody infrastructure, and regulatory acceptance mature fast enough to absorb safe-haven flows at the scale gold currently handles.
The Indian government has launched an OFS to sell up to 6.5% of its LIC stake, opening for non-retail investors on August 4, 2026, at a floor price of Rs 382 per share, about 11% below Monday's close. The discounted offering is likely to pressure LIC shares in the near term as supply increases sharply.
More than a dozen major Indian companies including Bharti Airtel, ONGC, Pidilite, Nykaa, DLF, and Ather Energy report April-June 2026 earnings on August 4. Results span telecom, energy, consumer goods, real estate, and EV sectors, giving markets a broad read on corporate health mid-earnings season.
Amazon shares hit a new all-time high Monday, pushing its market cap above $3 trillion following a sustained post-earnings rally. The milestone places Amazon among the very few companies globally to reach this valuation, with investor focus on AWS and advertising growth driving the move.
Sensex Gains 500 Points as Oil Falls on Iran Talks
The Sensex rose around 500 points and the Nifty crossed 24,500 on Monday after Donald Trump announced talks with Iran, pushing oil prices lower. IndiGo, ITC, FMCG, and metals led the gains as cheaper crude eased cost and inflation concerns.
