Hello, guys! What do you think? Can crypto and the oil industry be connected?
I think it's not just about crypto enthusiast that should be worried with the ongoing oil war.
All should be worried about these things, not only the oil war but also the corona virus outbreak. Since a huge part of economy is relying on the oil we might face some difficulties with what's ongoing and will be going.
I personally believed that everything is connected here, global stock market, crypto's and other form of investments such as gold and oil. One scary though, is that we might be closer to another global recession because of what is happening around the world.
Sure thing it is, crypto market is rattled by these market, oil and stock on which I conclude to be the effect of the price movement downwards now. Global recession is possible but seeing the global stock market in Asia is still looking good unlike with the western part, China's stock market is still healthy however India is looking bad.