BITCOIN RALLIES ON VENEZUELA OIL STORY: HERE’S WHAT’S WRONG
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✍️ Bitcoin's 5% jump on January 5 was attributed to Venezuela's political turn, but Bitwise's Ryan Rasmussen argues that's a flawed narrative.
👉 Venezuela's political turn did not lead to a significant change in rate cut expectations 👉 Institutional demand for Bitcoin is increasing 👉 Regulatory backdrop is becoming more pro-crypto 👉 Risk-on tone is driving investors to tech stocks and Bitcoin 👉 Policy expectations are still expecting 50bps (or more) rate cuts in 2026
-- #RyanRasmussen #NicolásMaduro #Venezuela #US #technology
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