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?
Nothing happens to Bitcoin, it has no connection with oil, Bitcoin is a cryptocurrency. There are things that determines the price of Bitcoin and not stocks or assets or whatever you may think, the only thing that determines the price of Bitcoin is the rate of demand and supply, so everything that has to do with Bitcoin in terms of determining price and value is here.