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 see any direct connection between bitcoin and the oil industry. We can talk about how the rise in electricity tarrifs affect bitcoin mining and consequently affect bitcoin. In general, the oil Industry affects a lot of stuffs around us, and this is what I have realised.