Oil at $100+ and the ‘Digital Gold’ Thesis: Investors Are Flocking to Bitcoin USD
Yahoo Finance·2026-03-23 16:13

While global markets panic over rising Oil Prices and geopolitical tension in the Middle East, Bitcoin is doing something unexpected. Typically, when crude oil spikes past $100 per barrel, risk assets like tech stocks and cryptocurrencies sell off hard as fear grips the market. Yet, as the Strait of Hormuz, a chokepoint for roughly 20% of the world’s daily oil supply, remains effectively blocked by military action, Bitcoin is holding its ground. This divergence has reignited the ‘Digital Gold’ thesis am ...

Oil at $100+ and the ‘Digital Gold’ Thesis: Investors Are Flocking to Bitcoin USD - Reportify