Oil Prices Are Now More Volatile Than Bitcoin
For skeptics and traditional market investors, bitcoin is synonymous with extreme bouts of price volatility. However, in recent times, oil has become a relatively risky asset.
The economic repercussions of oil going negative are staggering. Also compelling is what it says about biases in the bitcoin market.
North American bitcoin miners who've bet on fossil-fuel extraction to power their rigs are watching the oil markets closely as prices sink to historic lows.
An oil and commodities expert breaks down how the shale revolution reshaped global energy power and why oil went below $0 earlier this year.
As economic confusion gains ground, NLW breaks down what in the recent news is bullish and what is bearish for bitcoin and the crypto community.
Energy experts say incumbents are complacent about the dominance of the U.S. dollar in oil markets while China and Russia may try to force change.