Bitcoin crossed USD 71,000 this week as a geopolitical shock rattled oil markets before fading, but the headline-driven move raises a more important question. What structural forces will carry the next leg higher?

War in the Middle East has jolted energy markets, pressured equities, and put Bitcoin’s macro identity to another real world stress test.

The markets rebounded dramatically coming out of the weekend on news of a cease-fire in the Middle East. What does this mean going forward and what else is happening beneath the surface?