You might be wondering why I pay attention to macro events. Let me explain:

The closing of the Strait of Hormuz is not just a geopolitical event, it has broader economic consequences.
With 20% of global oil and 25% of global gas transiting through a now-closed strait, the outcome is straightforward: supply shortage, driving energy prices higher.
Rising oil prices are a primary trigger for broader commodity inflation. This is exactly what drove the elevated inflation of 2021–2022, sparked by the supply disruption from the Russia-Ukraine war.
For Bitcoin investors, this matters. Rising prices mean rising inflation, and guess what Bitcoin is? A hedge against inflation.
Historically, the 2016 and 2020 cycles both saw rising oil prices coincide with significant BTC appreciation.
That's why macro context is an important part of bigger the picture.