May ended amidst the entanglement between the United States and Iran. Although bitcoin:native did not drop below 70,000 dollars as many expected, there still seems to be no complete reconciliation regarding the geopolitical conflict, which makes it a tough time for cryptocurrencies lacking an independent narrative. Meanwhile, the US stock market continues to surge for a while thanks to AI, and just as troubling as Bitcoin is the oil price.

Even though oil prices have fallen from above 100 dollars to below 90 dollars, it is still a high price globally, especially regarding inflation in the United States. A decrease of 10 dollars is a drop in the bucket; what is needed is for WTI prices to return to below 70 dollars to curb rising inflation. However, even today, there is still no clear answer regarding the Strait of Hormuz.

I am not worried about a potential drop in oil prices, but I am concerned that if prices in June still cannot fall significantly, Wash's debut might be quite awkward. On one hand, he needs to follow Trump's rate-cutting strategy, and on the other hand, he cannot choose to cut rates in the face of high inflation, especially since there will also be a dot plot in June, which might add to market uncertainties.

I hope the issues between the United States and Iran can be resolved before the World Cup, as this would help alleviate inflation. If the problems remain unresolved until the World Cup, the trouble could last even longer.

Looking back at Bitcoin’s data, there were still no major fluctuations over the weekend, and trading volume was not high. Most investors continue to live a relaxed life; after all, bitcoin:native's price is still tied to the macro, political, and economic situation in the United States. As long as no actual problems arise in the US, the impact on Bitcoin will not be significant.

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