Post
Topic
Board Economics
Re: What happnes to BTC,if the oil price goes up?
by
DonaldHun
on 06/06/2018, 14:55:19 UTC
The price of oil and bitcoin is not connected in any way
In terms of economics, I think there are a few correlations and effects. Oil prices increase, the value of rising commodities such as food and water, transportation costs increase, meaning that the economy will be affected by that trend. Value inflation will increase and people will find it difficult to economically save money to space for crypto and bitcoin.

Your thoughts are reasonable but I do not think it can affect much to the value of bitcoin and the market. Or just an accident and will soon pass. That way, I think the upcoming Worldcup may affect the value of the market. Because it is the largest festival in the world and investors can take advantage of the environment and holidays to make more money.