Forget CPI and ETFs — oil prices may now be the biggest signal for Bitcoin

When crude starts leading the headlines, crypto people tend to ask the wrong questions, like what it is that oil actually does to Bitcoin. While it’s the simplest and easiest way to explain what you don’t know, it’s a pretty bad question. A better one is what oil actually does to the cost of money, because Bitcoin is now trading like a live chart of liquidity expectations. Oil is one of the fastest ways to force that…