The stock market is impacted heavily due to the drop in oil prices. Do you all think it will impact the BTC prices as well?
Oil price has fallen to a negative , and we all know that it is because of the Coronavirus pandemic. A lot of things has been stopped. The government placed a travel ban and has stopped people from moving from place to place to avoid the spread of the Coronavirus.
This has affected oil price seriously to the extent that sellers now have to be paying the buyers to take the oil out from them. But as for whether this is going to be affecting Bitcoin? I don’t really think so. I have once asked myself this question that you’re asking now, and it led me to do some research which I did to understand if it’s going to happen. According to an article I read on Cryptopotato.com, it’s not likely to happen.