The increase in oil prices's driven by the existence of policies for cutting production and exports from oil-producing countries. In addition to trimming, other factors that boosted rising prices were the growth of oil consumption in the United States, Europe, China and India.
This price increase is certainly encouraging for the oil and gas industry, especially oil producing countries. Rising world oil prices will have a direct impact on the growth of national gross domestic product. Means rising world oil prices have nothing to do with cryptocurrency.
Yeah you are right, there is no direct relationship between bitcoin and oil, items and product can increase in price as a result of oil that continues to rise, electricity can also more expensive because of that, but if we see the effect it will not affect to crypto itself, so I think there is nothing to worry about when this happens This price increase is certainly encouraging for the oil and gas industry, especially oil producing countries. Rising world oil prices will have a direct impact on the growth of national gross domestic product. Means rising world oil prices have nothing to do with cryptocurrency.
