What implications could the oil price drop on the mid-term bitcoin price have?
Do you think it is more likely that investors will switch to Bitcoin, or do you think it could be that the money is flowing out of the crypto world due to the uncertainty in the markets? Could it possibly have no effect at all on the Bitcoin course?
Theres no correlation between markets when it comes to price movement but we know on how this pandemic affect the economy as a whole.So it isnt surprising that there would be significant effect on most markets even though crypto is hanging on but we have seen that it plunges its price wayback on 3k which we havent even expect for it to happen.
Declining traditional markets doesnt mean that the money had pull through into that place will go to crypto.If that thing do happen then we would see significant price increase but to look on the
current price where it is just really like an ordinary day but the good thing here is that it do tanks in spite on the current condition.