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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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

21

preview not available Kamran Akbar
22 Apr

It is hard to believe that USA will pay 37 dollars to those who will buy 1 liter oil. 

5

Aditya Kumar
23 Apr

Because they have invested in the stock and the conditions are you need to buy the goods in physical form if you can't sell it before your expiry date 

So they are ready to provide money 💵 who will buy oil. 

8

Babatunde Gafar
22 Apr

The most important feature of a cryptocurrency is that it is not controlled by any central authority: the decentralized nature of the blockchain makes cryptocurrencies theoretically immune to the old ways of government control and interference

20

Segun Charles
22 Apr

That's true but, it's still within the economy. Policies can indirectly affect crypto

16

Iqbal s follower
22 Apr

dear sir this is diffcult to believe that United State America will pay 37 dollars to those who will buy 1 liter oil.

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