Could Trump’s Venezuela Oil Deal Lower Oil Prices and Help Bitcoin Reach $100K Again?
- The US is negotiating an ownership stake in Venezuelan oil fields with 90B in reserves.
- Higher oil supply may ease inflation, enable Fed cuts, and support Bitcoin via a weaker dollar.
- Prediction markets currently give Bitcoin roughly a 30% chance of hitting 100K.
The Trump administration is negotiating with Venezuela’s interim government to secure a US ownership stake in the country’s large oil fields, according to two US officials. The talks raise an interesting question beyond energy policy. Could this deal ease oil supply enough to influence Bitcoin’s path back toward $100,000?
What the Deal Actually Involves
The discussions focus on more than a dozen producing oil fields with an estimated 90 billion barrels of proven reserves. This oil remains underground and is not an immediate supply for global markets. Any meaningful impact would depend on how quickly t…
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