Oil above $112, Bitcoin below $82,000: what it means for Bitcoin as an inflation hedge

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Brent jumps to a five-month high and the crypto market falls in step with technology stocks. This assessment separates what is documented for October 22 from what remains open about Bitcoin as protection against inflation.The oil price jumps and Bitcoin falls. This piece is an assessment: it separates, first, what is documented for this Thursday and, second, what follows from it and what stays open. Documented are the prices, the oil jump, the equity losses and the move in the bond market. An assessment is everything beyond the question of whether an oil shock drags the crypto market down for good. Figures appear in this article only with a source, including where it weighs the arguments. The question behind the day is older than the day: does Bitcoin work as protection against inflation? An oil shock is the litmus test, because energy is the line item through which inflation enters an economy fastest. Anyone holding Bitcoin as digital gold would have to be up on a day like this...