The Strait of Hormuz under fire: Is Bitcoin a refuge or a risk? 🛢️🌋
The news: Following the capture of an Iranian ship by the U.S. Navy last Sunday, Iran has once again closed the Strait of Hormuz. Brent crude oil is already flirting with $100 per barrel.
The Controversy: Historically, expensive oil means inflation, and inflation scares the FED. However, Bitcoin is struggling to prove whether it is "Digital Gold" (refuge) or a "Risk Asset" (which falls during war). The market is divided and the volatility is brutal.
#StraitOfHormuz #OilShock #Geopolitics #BitcoinSafeHaven #MarketPanic
The news: Following the capture of an Iranian ship by the U.S. Navy last Sunday, Iran has once again closed the Strait of Hormuz. Brent crude oil is already flirting with $100 per barrel.
The Controversy: Historically, expensive oil means inflation, and inflation scares the FED. However, Bitcoin is struggling to prove whether it is "Digital Gold" (refuge) or a "Risk Asset" (which falls during war). The market is divided and the volatility is brutal.
#StraitOfHormuz #OilShock #Geopolitics #BitcoinSafeHaven #MarketPanic