![bitcoin oil](https://www.modernman.com/wp-content/uploads/2022/07/kanchanara-rhm7H8X5J98-unsplash-2048x1363.jpg)
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That's been a knock on crypto analysts say.
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EPIC Earnings \u0026 Fed Decision, #Bitcoin Levels, #Stock Trades, #Oil Target, #Gold ReadiesFirst, we find that higher oil prices tend to raise the cost of producing Bitcoins, therefore lowering its returns and by extension its trading and volatility. Oil. It takes millions of years to create and seconds to burn. It's known as 'black gold' and its use dates back to as early as BC, when Babylonians. Inflation could rebound with higher oil prices, forcing the Federal Reserve to continue raising rates, a bearish outcome for risk assets.
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