Correct but assets that are used for different purposes can be somewhat related. Oil and Bitcoin are two scare resources with increasing demand and a supply that goes up only slowly
Just because two assets have similar supply characteristics does not mean that their price is going to be correlated. The demand dynamics for both bitcoin and oil are very different as their uses are very different.
It is also much easier to manipulate the supply (and price) of oil via cartels then it is for bitcoin
I agree that it remains to be seen if they will be correlated, I was just saying that maybe they will.
The supply of Bitcoin is much more clear than for oil but as for the manipulation of the price both can be manipulated.