⚡ An overlooked macroeconomic shift: The impact of oil on the economy is weakening

The latest research report from the Beautiful Nation Bank points out that since the 1970s, the global economy's dependence on oil has significantly decreased.
Data shows that today, the amount of oil needed to generate the same scale of GDP is only about one-third of what it was in the 1970s.
Back then, the energy shock triggered by the OPEC crisis was seen as a typical stagflation event, causing huge impacts on the global economy. But now, even if similar-scale energy price shocks occur, the overall economic system has become more resilient.
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📊 My opinion:
This means that in the future, rising oil prices may not necessarily drag down the economy as directly as in the past. The real market variables may come more from monetary policy, liquidity, and changes in the capital market structure.
For the crypto market, macro logic is changing.
The true opportunities are often hidden within these long-term structural changes.
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