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?
I don't think btc and oil are somehow interrelated. Oil has nothing to do with the price of bitcoin.
Bitcoin in general is such a unique phenomenon that depends only on the demand of people using it.