The Russia-Ukraine conflict has sent crude oil to over $115 a barrel. Here's what the latest surge might mean for the bitcoin market. brillhouse reports
) is an inflation hedge, right? That's what a lot of crypto analysts say. So, theoretically, the bitcoin market would get a boost as Russia's invasion of Ukraine sends crude oil to its highest price since 2008.
In recent months, bitcoin has been falling in response to hawkish announcements from the Fed – seemingly in sync with stocks.and start to trade more like a safe haven asset, similar to gold – that is, an asset whose price might benefit or even just hold its value when stocks are selling off.
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