Post
Topic
Board Bitcoin Discussion
Re: Should the Crypto Community Be Worried About the Oil Crash?
by
davis196
on 10/03/2020, 06:10:33 UTC
Hello, guys! What do you think? Can crypto and the oil industry be connected?

No.The oil price crash is caused by a trade war between Saudi Arabia and Russia.They just can't negotiate a reduction of their oil production.If they manage the reduce the oil production,the oil prices will go up.This is a temporary situation.And no,cryptocurrency markets have nothing to do with oil prices.I don't think the crypto community should be worried about the oil market.Having lower oil prices is usually good for most countries that mostly import oil and for the global economy in general.