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Viktoras Karapetjanc examines the relationship between oil prices, inflation, and the impact on cryptocurrency markets. According to Karapetjanc, rising oil prices drive inflation higher, which in turn keeps interest rates elevated. Higher rates put pressure on crypto markets, but when trust in traditional assets declines, capital tends to flow into BTC. Karapetjanc suggests fear can fuel rapid increases in BTC, raising questions about whether BTC is primarily a risk asset or a hedge.