Seriously though, what's the actual link between Bitcoin and Venezuelan oil prices? Like, everyone keeps throwing this connection around, but where's the real motive here? The correlation doesn't always add up. 🤔

BTC0.46%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
DAOdreamervip
· 13h ago
ngl this connection is indeed very suspicious... really no one can explain exactly what's going on
View OriginalReply0
DefiVeteranvip
· 12-15 20:18
To be honest, I've wanted to point out this logical flaw for a long time. What exactly is the crypto world trying to pull?
View OriginalReply0
MetaverseVagabondvip
· 12-15 20:14
ngl I also can't understand this correlation, it feels like someone made up a story... The situation in Venezuela is too complicated; it's not like Bitcoin just goes up whenever it says so.
View OriginalReply0
StableNomadvip
· 12-15 19:59
ngl the whole venezuela-btc narrative is lowkey just narrative building at this point. correlation coefficient nowhere near statistically significant but hey, smart money keeps pushing it anyway... reminds me of UST in May when everyone had a "thesis" that didn't actually math out. not financial advice but the risk-adjusted returns on believing this story? pretty grim tbh
Reply0
probably_nothing_anonvip
· 12-15 19:54
ngl, this correlation has really been overhyped. Every time, someone throws out this argument, but the details are very vague.
View OriginalReply0
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)