Bitcoin Bought With Stimulus Checks | Oil Negative | Post Bitcoin Halving 2020

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In today's video we look at the collapsing OIL industry, and by extension the energy sector. What do negative oil prices really mean? What is the impact on Bitcoin and cryptocurrencies?  


We also examine the bankruptcy of Virgin Australia and the upcoming BTC halving in May 2020. And according to Forbes, a significant number of Americans are spending their $1200 stimulus money to purchase Bitcoin. The are effectively purchasing a deflationary currency with an inflationary one.  


References: Virgin Australia goes bust
 https://thepointsguy.com/news/virgin-... 
Here’s Why Oil Dropped to Negative Prices – Can it Happen to Bitcoin [BTC]? 
https://coingape.com/heres-why-oil-dr... 
https://twitter.com/oddgems/status/12...
 Americans Are Using Their Stimulus Checks To Buy Bitcoin 
https://www.forbes.com/sites/ktorpey/... 
How the World’s Largest Economies Plan to Implement Bitcoin
 https://www.coinspeaker.com/largest-e...
 Here’s why simulations of Bitcoin’s post-halving price may disappoint investors 
https://cryptoslate.com/heres-why-sim... 


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#Bitcoin #Cryptocurrency #Blockchain #BTC #ETH #Enjin #Tomochain #Crypto.com #Electroneum #Cardano #btcusd #btcprice  


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Altcoin Buzz Youtube | Telegram | Website | Twitter | Facebook | Uptrennd |


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NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

COMMENT

20

Don Christov
21 Apr

Yeah I heard that the stimulus checks had arrived. Well I doubt that many will just go dump it in Crypto when no one knows when the lockdown will end. And yes, the halving is so close, I'm looking forward to it a lot.

6

sonia touqeer
21 Apr


I love it when people say Bitcoin has no value due to its lack of utility.  However, oil has utility and it went negative

17

Inamullah Shams
21 Apr

Absolutely right dude

18

Tobi Miracle
21 Apr

When we were telling them to invest more in Bitcoin they said it has no value now see the crude oil every is clinging unto, this world is so wonderful u know

10

Sophia Jaccob
21 Apr

I'm looking forward to it a lot

17

Inamullah Shams
21 Apr

Wow it's a really wonderful informative post thanks dude

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