Two weeks into the US-Iran conflict, Bitcoin is up 4.2% on the week despite Kharg Island strikes hitting Iran's main oil export terminal. Gold is flat. S&P 500 is down. Asian equities are down. Korean stocks are down. Each military escalation is producing a smaller BTC drawdown and a faster recovery than the last. Bitcoin is repricing in real time from risk asset to neutral reserve asset. The war is accelerating what would have taken years of academic debate.