Crypto

“SPIRALLING DOWN”: Higher oil prices could drag Bitcoin lower

Oz Sultan: Bitcoin and oil now interconnected as geopolitical uncertainty reshapes markets, affecting prices and trends


Oz Sultan says Bitcoin and oil, once considered largely uncorrelated assets, are beginning to move in increasingly connected ways as geopolitical uncertainty reshapes global markets.

He argues lower oil prices could send Bitcoin sharply higher, while another oil surge could push the cryptocurrency down.

Sultan is the founder of Sultan Interactive Group.

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