Weekend macro reminder:
Oil spikes to $115 as Middle East tensions escalate.
Bitcoin drops to $65.6K within hours.
Then oil cools back toward $100.
Bitcoin rebounds to $69K.
the bigger takeaway:
Bitcoin is now trading like a macro asset.
Oil up → risk off → BTC down.
Oil cools → risk back → BTC rebounds.
Digital gold?
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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