Sats per Barrel

Bitcoin's purchasing power against crude oil, over time.

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Sats per barrel of WTI crude oil. BTC data from Bitfinex. Oil data from U.S. EIA.

How to read this chart

This chart shows how many satoshis (1 sat = 0.00000001 BTC) one barrel of crude oil costs over time.

When the line goes up, oil is getting more expensive in Bitcoin terms — either oil is rising or Bitcoin is falling.

When the line goes down, Bitcoin is gaining purchasing power against oil — each sat commands more energy.

Since Bitcoin's inception, the long-term trend has been decisively down — each sat buys more oil. But the path is volatile, reflecting both oil market shocks and Bitcoin's price discovery.