Crypto has its gold moment, outperforming amid the war in Ukraine. Can it last?

Pedestrians walk past an advertisement displaying a Bitcoin cryptocurrency token on February 15, 2022 in Hong Kong, China.
Anthony Kwan | Getty Images

As global equity markets tumbled amid the intensifying Russia incursion into Ukraine, bitcoin managed to keep investors in the green this week, showing the world that maybe it is the store of value that was promised and not just another speculative asset.

More In Investing trends

CNBC ProBack-to-school investing preview: Possible recession looms over retailers' busiest half of the year
CNBC ProJPMorgan picks stocks to play a part of China that's flown under the radar
CNBC ProThis clean energy play's business model may just be recession proof