Ethereum and oil prices
"Ethereum has huge negative correlation to oil right now. In fact, it's the highest inverse correlation ever in the history of Ethereum. So clearly Rising oil is negative for ETH's price. We can see it statistically."
ℹ️ In shortRising oil prices negatively impact Ethereum's value, showing the highest ever inverse correlation statistically confirmed.
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… leum products have been supplies have been severely impacted and policy makers have to raise interest rates. So if the war ends, I think that you're going to see a collapse in oil. Uh in fact, if any of you are technicians, you know that this is probably likely that if the war ends, the tariff premium will come out of oil and maybe we see $40 oil. Ethereum has huge negative correlation to oil right now. In fact, it's the highest inverse correlation ever in the history of Ethereum. So clearly Rising oil is negative for ETH's price. We can see it statistically. And if you don't believe me about inflation and oil, take a look at this chart. This chart starts in 1985. The top chart is the price change of oil. The bottom is core CPI. And as you can see, every time we had a sustained spike in oil, core CPI accelerates higher. So central banks don't want inflation above 2%. If oil stays high, they're going to …
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