On the social network, X Grmen told subscribers that the connection between oil and bitcoin is quite simple-high energy prices spur inflation, and due to high inflation is pressure on the bond market.
Investors, in order to maintain income, withdraw funds from bonds and invest in other assets – gold, bitcoin and so on. And this can lead to noticeable growth of the first cryptocurrency, in the case of an increase in oil prices. Which, in turn, depends on the situation in the Middle East.
“The bond market should be limited by the volume of the existing money supply. And the increase in energy prices above a certain level will lead to a decrease in bond price. As soon as this happens, the US Federal Reserve will have to either print money to buy bonds, or conduct a debt restructuring. Assets without counterparties should show themselves perfectly (gold and bitcoin), ”Macro Strateg believes.
Earlier, Robert Kiyosaki said that Bitcoin looks more attractive compared to traditional assets – gold and silver.
Source: Bits
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