Bitcoin Rallies On Venezuela Oil Story: Here’s What’s Wrong
Bitcoin’s roughly 5% soar on Jan. 5 landed on a clear, TV-friendly clarification: a shock political flip in Venezuela would “unlock” oil provide, push power costs down, cool inflation, carry fee cuts ahead, and elevate BTC. Bitwise Head of Research Ryan Rasmussen says there’s a significant flaw with that. The catalyst for the narrative was…
