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?
It’s a normal thing for money to leave the market , but it’s not more than the buying rate we have right now. I make use of a few mobile wallets on my mobile device and Coinbase is one of them. Sometimes I make use of the Coinbase wallet to check the buy and sell rate for every coin I invest, and right now there is more buy rate for Bitcoin than there is for selling.
I know that they are covering for activities on their exchange, but it still gives us a clue on what’s happening in the market. And the price has gone a bit up, compared to what we had yesterday.