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?
In my own opinion, the price of the oil does not affect cryptocurrency because they did not share the same industry as well as the market prices.
You right, there is no direct connection between cryptocurrency and oil so it will not affect each other. when the production of environmentally friendly cars was made massively, followed by other technologies that did not use oil as fuel. of course it will affect world oil prices, because there is a direct relationship, different from crypto which has nothing to do with oil..