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A recently published market report has sparked heated discussions in the cryptocurrency market, linking the US actions in Venezuela to Bitcoin's next major trend. The report analyzes this issue from the perspectives of politics, energy prices, and liquidity, rather than from an ideological standpoint.
Notably, the report suggests that the direction of US economic policy will be determined by electoral pressures rather than geopolitics. Therefore, Bitcoin's movement is more dependent on Washington's credit expansion than on oil itself.
Hayes describes this situation as a simple political equation. Consequently, policies that can both boost nominal economic growth and suppress gasoline prices will be more favored.
Additionally, fuel costs directly influence the voting intentions of most American households. Any strategy that can reduce energy inflation and boost asset prices helps consolidate political power. Within this framework, Venezuela's oil reserves become central to its domestic economic management.