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With Oil Prices Rising, Bitcoin Remains Stuck Below $85,000. Here’s Why I’m Still Buying Bitcoin Right Now.

With Oil Prices Rising, Bitcoin Remains Stuck Below $85,000. Here’s Why I’m Still Buying Bitcoin Right Now.

In the period from July to September, the price of Bitcoin (CRYPTO: BTC) soared from $60,000 to $87,000, a gain of 45%. In October, though, Bitcoin is down 2% with just a week to go.

The primary culprit appears to be soaring oil prices. As long as the price of oil hovers around $100, the price of Bitcoin remains stuck.

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That shouldn’t be happening, though. Historically, Bitcoin has been uncorrelated with any major asset class. So…

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