Bitcoin Rallies On Venezuela Oil Story: Here’s What’s Wrong

Bitcoin Rallies On Venezuela Oil Story: Here’s What’s Wrong – #CryptoUpdatesGNIT

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin’s roughly 5% jump on Jan. 5 landed on a clean, TV-friendly explanation: a shock political turn in Venezuela would “unlock” oil supply, push energy prices down, cool inflation, bring rate cuts forward, and lift BTC. Bitwise Head of Research Ryan Rasmussen says there’s a major flaw with that. The catalyst for the narrative was Venezuela’s we…

Bitcoin Rallies On Venezuela Oil Story: Here’s What’s Wrong

The post Bitcoin Rallies On Venezuela Oil Story: Here’s What’s Wrong appeared on BitcoinEthereumNews.com. Bitcoin Rallies On Venezuela Oil Story: Here’s What’s Wrong Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribut…