- Nakiki SE Bond in Focus –
Trump in trouble – did he miscalculate? +++There is no “coalition of the willing”+++Closure of the Strait of Hormuz leads to an oil price shock+++Russia benefits from the Iran war+++Oil stocks like Saturn Oil & Gas boom: +125%!+++Is inflation rising again? +++Gold/Silver prices drop+++Southeastern European stock markets as outperformers+++Kazakhstan: KTX Index +22%, but DAX minus 8%+++Romania: ROTX Index +15%+++Nvidia with ambitious revenue targets+++Bitcoin recovers+++Now invest in high-yield bonds like Nakiki SE+++
The military operation “Epic Fury”, initiated by Trump and planned over a long period to overthrow the regime in Iran, continues to keep investors on edge. The war of aggression against Iran, started by the USA and Israel on February 28 in violation of international law, shows no sign of ending, as Iran is proving highly resilient and is now continuously attacking American positions and oil facilities in the Middle East. Trump appears to have no plausible exit strategy. However, on March 23 he postponed his ultimatum to Iran by 5 days, after which the Brent oil price fell by almost 10% to USD 102 and stocks surged sharply. In Dubai, tourists are staying away. US embassies in the Middle East are being closed. Formula 1 canceled races in Bahrain and Saudi Arabia. The closure of the Strait of Hormuz caused the Brent oil price to rise by over 80% to more than USD 100 per barrel, which is now fueling inflation concerns.
“When the cannons roar, buy!” is a stock market proverb formulated by banker Carl Meyer Freiherr von Rothschild in the 19th century. But what should be bought now in these volatile, uncertain times? Good money could be made during the war with oil stocks such as the Canadian oil company Saturn Oil & Gas (+125% in 2026), but also with BNP Paribas ETCs on energy commodities, which rose by over 50% since the beginning of the year. Outperformers also remain the previously (too) little-noticed stock markets in Eastern Europe such as Kazakhstan (+22%!), Romania (+15%), Slovenia (+13%) and Hungary (+10%), which clearly outperformed the DAX (minus 8.8%).
While gold and silver prices dropped after their previous rally, Bitcoin and other cryptocurrencies were able to recover somewhat and temporarily outperform. Is Bitcoin already heading for a comeback? Nothing is impossible. In such uncertain, volatile times, it may also be worthwhile to invest in high-yield corporate bonds such as those of Nakiki SE (WKN A460N4) with an attractive coupon of 9.875%, which could also be of interest to “Bitcoin fans”.
Andreas Männicke provides his assessment in his stock market newsletter East Stock Trends (www.eaststock.de) and also in his new EastStockTV video. Episode 267 on YouTube.
Trump boosts sentiment for oil companies through the Iran war
Trump appears to have miscalculated in his war of aggression against Iran, as Iran is proving more resilient than Trump would like. On the contrary, Iranian rockets and drones are increasingly landing not only in Tel Aviv, but also at US military bases in the Middle East, and oil and gas facilities in the region are also being attacked by drones. Not only must US embassies in various Middle Eastern countries be evacuated, but oil production facilities are also being damaged, forcing partial shutdowns of oil and LNG production due to missile attacks. Tourists are staying away in Dubai, which is also an economic setback. However, on March 23, Trump postponed his ultimatum to Iran by 5 days, after which the Brent oil price fell by almost 10% to USD 102 and stocks surged sharply.
Russia benefits from the Iran war
The most serious consequence, however, is the closure of the Strait of Hormuz, through which 20% of global oil demand and a large share of fertilizers are transported by tankers. To Trump’s frustration, there is apparently no “coalition of the willing” this time willing to secure the Strait of Hormuz militarily. There also appears to be no exit strategy from Trump, meaning the war could last a long time. The longer it lasts, the worse it is for the global economy. For Russia, however, the Iran war is advantageous, as Trump suspended sanctions on Russian oil tankers until April 11. Even for Iran, sanctions on oil exports are partially lifted to relieve pressure on the oil market. One of the beneficiaries is also Kazakhstan, where the oil company KazMunaiGaz is now exporting even more oil. The stock is heavily weighted in the KTX Local Index, which has therefore already risen by 21% this year.
Financial products on energy commodities in demand
As a result, not only oil prices but also fertilizer prices surged. This could in turn fuel inflation, which had recently been very low at 2%, and force central banks to raise interest rates instead of cutting them. Oil producers such as the Canadian company Saturn Oil & Gas benefited with a price increase of 125% from the sharply rising oil prices. Investors can also purchase financial products on oil such as ETCs on energy commodities from BNP Paribas, which have also risen by more than 70%.
Eastern European indices remain outperformers even during the war
Several Eastern European stock markets also performed very well, such as the Bucharest Stock Exchange with a gain of 15% in the ROTX Index, or the Budapest Stock Exchange with a gain of 12% in the HTX Index, clearly outperforming the DAX, which slipped into negative territory during the war. The KTX Local Index for stocks from Kazakhstan even rose by 21%. Dividend-rich stocks from Eastern Europe also offer a certain buffer. Otherwise, it remains difficult to make investment decisions in such an uncertain environment shaped by high oil prices.
Bitcoin rally creates new investment opportunities also for Bitcoin investors: Nakiki bond (WKN A460N4, Frankfurt Stock Exchange)
After the price drop in gold/silver and Bitcoin, corporate bonds with high potential/coupons are coming back into focus. Bitcoin, as the leading currency for all cryptocurrencies, has been recovering since March, although the bear market with a correction of over 40% had already begun months earlier after reaching a historic high of 125,000 BTC/USD. However, Bitcoin has performed better during the geopolitical conflicts than traditional precious metals. In these uncertain and highly volatile times, it may make sense to park part of your capital in high-yield bonds in order to later participate again in a recovery of Bitcoin. One such opportunity is offered by the new Treasury Bitcoin bond (WKN: A460N4, price 98, yield 13%) from NAKIKI SE with a coupon of 9.875% and a maturity of 5 years with semi-annual payouts.
Bitcoin whales increase their holdings & inflows amount to nearly USD 800 million
Since the beginning of the war, turbulent times lie behind us: Not only cryptocurrencies, but also gold and silver were characterized by unusually high volatility after reaching new highs. “When bombs fall, buy” currently applies most to the dominant cryptocurrency Bitcoin. The pioneer has again reached a market capitalization of USD 1.213 trillion and remains the dominant cryptocurrency, as the total market capitalization of all cryptocurrencies now amounts to “only” USD 2.1 trillion. At its peak in October 2025, it was almost twice as high.
ETF inflows and liquidity lead to strong price gains
There are signs of easing on crypto exchanges due to strong inflows into crypto ETFs. Bitcoin (BTC) fell from 88,000 to a new 1-year low of 60,000 BTC/USD by February 6, before recovering to a high of 74,000 BTC/USD, currently around 70,000 BTC/USD. This means BTC fell by over 50% from its previous all-time high of 125,000 USD/BTC in early October. Losses in other altcoins such as Ethereum, Ripple, or Solana were in some cases similar or even greater. Since cryptocurrencies are positively correlated with AI stocks, it was also good news for crypto markets that Nvidia aims to double its revenue from USD 0.5 trillion to USD 1 trillion by 2027. This would benefit the entire AI sector.
Bottom formation or trend reversal
The question now is whether a bottom formation has already been completed. Bitcoin faces resistance at USD 88,000. Breaking above this level would indicate further recovery potential. The USD 88,000 level is just as important as when Bitcoin was trading at USD 80,000. A renewed breakout could mean that this level will not be seen again. In the past, such trading patterns in the cryptocurrency have always led to new all-time highs.
As long as this consolidation phase in cryptocurrencies continues, it may now be more sensible to invest in a Treasury Bitcoin bond with WKN: A460N4, tradable on the Frankfurt Stock Exchange. The company Nakiki SE aims to use both equity and debt capital according to a flywheel model to gradually accumulate Bitcoin over the long term. The company is currently being restructured and the bond was only launched this year, offering a coupon of 9.875% with a maturity of 5 years. At a price of 90, the yield is currently even 13%. The coupon is paid semi-annually.
High interest rates on corporate bonds as a sensible alternative
While government bonds are losing trust, yield curves are under pressure, and political uncertainty dominates capital markets, investors face one key question: Where does capital still work today – delivering real returns instead of empty promises? The answer does not lie in interest rate cut narratives, hope, or passive waiting. It lies in high-yield corporate bonds with clear structure and discipline.
The listed corporate bond of NAKIKI SE (WKN: A460N4) delivers exactly that:
– 9.875% fixed coupon p.a.
– Listed on the Frankfurt Stock Exchange
– Corporate bond with integrated Bitcoin strategy
– Clear capital allocation instead of a marketing story
In an environment where US government bonds remain under pressure despite rate cut expectations, gold and silver have reached unprecedented highs, and geopolitical risks dictate investment decisions, corporate bonds with high coupons are once again moving into focus for professional investors.
Bitcoin recovers – the last few days as a reality check
Developments over the past few days have once again shown how fragile many Bitcoin narratives are. Within a short period, there were strong fluctuations, inflows, and abrupt changes in direction. Optimism quickly returned. Bitcoin remains a relevant asset – but not a stable income instrument. Anyone who views Bitcoin solely as a safe haven or a substitute for traditional yield sources deliberately ignores its structural volatility. Gold and silver have also recently experienced further price declines. In silver, there is a classic A-B-C correction, meaning buying opportunities near recent lows, which could lead to a double bottom formation.
What we are currently seeing in Bitcoin is not an exception, but a normal cycle of a highly speculative asset in an uncertain monetary and geopolitical environment.
Why structure is becoming more important than narrative
Especially after the recent movements in Bitcoin, it becomes clear: Not every Bitcoin strategy must consist of maximum risk. The combination of a predictable coupon, exchange tradability, and strategic Bitcoin exposure can be an alternative to a pure price bet for many investors.
Conclusion
“Buying when the cannons roar” is easier said than done. Oil stocks such as Saturn Oil & Gas as well as financial products on oil such as BNP Paribas ETCs were among the top performers during the Iran war, with gains of well over 50%, and remain an attractive alternative. Kazakhstan also benefited from high oil prices: the KTX Local Index rose to +21% even during the war. Dividend-rich stocks from Eastern Europe can also continue to outperform. Bitcoin recovered noticeably during the war and even outperformed gold and silver so far in March. However, further resistance levels must be broken to signal a full comeback. In uncertain, volatile times, those seeking returns may turn to high-yield corporate bonds such as those of Nakiki SE (WKN: A460N4) with a coupon of 9.875%.
First inform yourself, then invest
Now also inform yourself in detail about the background and development of the Ukraine/Russia crisis, as well as the future recovery potential of undervalued stocks in Eastern Europe. There are also new opportunities in the Baltic States, Southeastern Europe and the CIS republics (Kazakhstan, Georgia). Already in 2025, 9 stock markets in Eastern Europe outperformed with strong gains (CECE Index >50%!). And since the beginning of the year, 8 stock markets in Eastern Europe have again clearly outperformed the DAX. It is therefore still worthwhile to look beyond your own horizon toward Eastern Europe.
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TV/Radio Notes: On July 19, 2025, Andreas Männicke was interviewed by Michael Mross in the MMnews Club about top stocks in Eastern Europe. On October 6, 2025, Andreas Männicke was also interviewed by Andreas Gross at Börsenradio Networks about new opportunities in Eastern Europe. All radio and TV interviews can be downloaded from the video archive at www.eaststock.de, including the latest EastStockTV video, Episode 267. By the way: have you already subscribed not only to the YouTube channel EastStockTV but also to the new YouTube channel – BRICS-TV?
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