What happens to Bitcoin if oil price hits $180 per barrel?

A 70% oil spike could nearly double US inflation, slash rate-cut hopes, and deepen downside risks for Bitcoin prices in the coming months.

Bitcoin (BTC) has outperformed US equities and gold since the US and Israel’s attack on Iran on Feb. 28, underscoring its strength amid one of the year’s biggest geopolitical shocks.

However, BTC’s rally may face a serious challenge if oil prices spike toward $180 per barrel, a scenario some Saudi Arabian officials now see as plausible if Middle East supply disruptions persist beyond April.

Key takeaways:

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