Capital.com strategist explains bitcoin's rally as oil and bond yields surge
- —Brent crude trades above $100 while bond yields set fresh records
- —Rodda tied BTC's rise to the debasement trade against fiat currencies
- —The strategist pointed to US Treasury intervention in the bond market
- —BTC's rally since August 19 may mark the end of bottoming
Why it matters: The case for bitcoin as a portfolio diversifier strengthens as debt risks and oil prices rise.
Source: Uzmancoin