Oil is the first domino and food is always next.

Every major crude spike since 2020 has triggered a massive surge in global food prices a few months later. We are seeing the steepest oil rally in years right now. It is moving faster than the 2022 supply shock.
The lag is usually 2 to 4 months. The food index hasn't moved yet but the pattern is clear. This usually leads to more inflation and a tighter macro environment for risk assets like $BTC.
Are you hedged for a second wave of inflation ?