Crude oil just broke out from its nearly 5-year bearish trendline. This is a bad and good sign.
Bad, because inflation could get pushed higher as input costs for companies rise, and those costs usually get passed on to consumers. But at the same time, Bitcoin tends to rally when inflation runs hot, as a hedge against rising prices.
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Crude oil just broke out from its nearly 5-year bearish trendline. This is a bad and good sign.
Bad, because inflation could get pushed higher as input costs for companies rise, and those costs usually get passed on to consumers.
But at the same time, Bitcoin tends to rally when inflation runs hot, as a hedge against rising prices.