Post
Topic
Board Economics
Re: What happnes to BTC,if the oil price goes up?
by
JoshMart
on 03/06/2018, 18:51:47 UTC
Personally, I do not see any connection of the price of oil going up would affect the price of Bitcoin. What I know is that, the price of Bitcoin is based mostly on the interest and demand of the people on it. the higher the demand and interest of people, the higher the Bitcoin price will be. I think the oil price going up would  have some correlation to the price of fiat money but not to Bitcoin price.