The fire in the Middle East is getting worse. Houthi missiles and drones keep striking Saudi Arabia, while Iran has gone even further: a third supertanker in 48 hours was hit and caught fire in the Strait of Hormuz. Brent crude has already topped $100. Goldman Sachs has also raised its year-end oil price target, with a blunt warning: if Gulf oil production doesn’t recover, the average price next year could climb a lot higher.
When oil gets more expensive, inflation stays stubborn, and the Fed’s path to rate cuts gets pushed further out. That’s not good news for crypto—the moment expectations of tighter liquidity rise, risk assets take the first hit.
My view is straightforward: altcoins and smaller tokens will keep getting drained in the short term, so don’t chase a rally. But Bitcoin has the safe-haven logic of “digital gold” behind it, and this kind of geopolitical turmoil is exactly when it can prove its worth. BTC is currently around $82,500, ETH $2,520, and SOL $108. If you’re going to make a move, stick with Bitcoin and steer clear of the smaller, weaker coins—that’s the safest play right now.
When oil gets more expensive, inflation stays stubborn, and the Fed’s path to rate cuts gets pushed further out. That’s not good news for crypto—the moment expectations of tighter liquidity rise, risk assets take the first hit.
My view is straightforward: altcoins and smaller tokens will keep getting drained in the short term, so don’t chase a rally. But Bitcoin has the safe-haven logic of “digital gold” behind it, and this kind of geopolitical turmoil is exactly when it can prove its worth. BTC is currently around $82,500, ETH $2,520, and SOL $108. If you’re going to make a move, stick with Bitcoin and steer clear of the smaller, weaker coins—that’s the safest play right now.