The oil price is going up and many people expect it will go above 100 USD per barrel,or even 120 USD per barrel.How this will impact the world economy and the cryptocurrency prices?
I have many own theory about this and I will share it later,but know I'm waiting for other opinions.
Is this good or is it bad for bitcoin?
Well there are a lot of documents that say the fluctuation of gold and oil is related to bitcoin. Actually, there are many factors that affect bitcoin because the value of the bitcoin is entirely influenced by the voin. The value of bitcoin is unpredictable and unstable