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?
OIl is commodity and in few country, bitcoin is commodity too. I dont think oil price impact on bitcoin price because its very different. Oil is depend on world economic growth and bitcoin is peer to peer transaction cryptocurrency.