Bitcoin Bought With Stimulus Checks | Oil Negative

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Published Apr 21, 2020

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-australia-goes-bust/
Here’s Why Oil Dropped to Negative Prices – Can it Happen to Bitcoin [BTC]?
https://coingape.com/heres-why-oil-dropped-to-negative-prices-can-it-happen-to-bitcoin-btc/
https://twitter.com/oddgems/status/1252318076437180419?s=21
Americans Are Using Their Stimulus Checks To Buy Bitcoin
https://www.forbes.com/sites/ktorpey/2020/04/20/americans-are-using-their-stimulus-checks-to-buy-bitcoin/#49afe995798f
How the World’s Largest Economies Plan to Implement Bitcoin
https://www.coinspeaker.com/largest-economies-implement-bitcoin/
Here’s why simulations of Bitcoin’s post-halving price may disappoint investors
https://cryptoslate.com/heres-why-simulations-of-bitcoins-post-halving-price-may-disappoint-investors/

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