🔭 Six months is not a headline, it’s a macro clock. Equinor is basically saying the energy market won’t snap back quickly, even if the shooting stops tomorrow, and that matters far beyond oil and gas. 🧲 The bull case is straightforward: prolonged disruption keeps energy prices elevated and reinforces the “real assets matter” narrative, which can give BTC some shelter when confidence in policy starts to wobble. But the bearish case is more immediate: sticky energy costs bleed into inflation, complicate rate expectations, and usually make the whole risk complex feel heavier, including ETH and the broader alt side. I lean cautious here because markets can tolerate bad news; what they struggle with is bad news that lingers. 👁️‍🗨️ The sharp takeaway: this is less about one company’s profit beat and more about a six-month friction tax on global liquidity. Personal analysis only. Not financial advice. DYOR. #BTC #oil #Macro