Bank of America Names Bitcoin, Gold Among 6 Assets Set to Benefit From US-Iran Peace Deal

According to Bank of America chief strategist Michael Hartnett's Flow Show report published Friday (June 12), six asset classes are positioned to benefit from an anticipated U.S.-Iran peace agreement: consumer stocks, real estate investment trusts (REITs), European equities, Bitcoin, gold, and emerging market currencies including the Indian rupee and Indonesian rupiah.

Hartnett noted that both Bitcoin and gold have become oversold with rebound conditions maturing. So far in 2026, Bitcoin has fallen 27% while gold has declined 2%, with strong U.S. dollar strength accelerating losses in recent months. REITs reached new highs this week, with the Vanguard Real Estate ETF (VNQ) up about 9% year-to-date, while consumer discretionary stocks like the SPDR S&P 500 Consumer Discretionary ETF (XLY) have climbed over 10% from April lows.