Bitcoin Crashes Below $8,000 | Oil Plummets 34%

Today we discuss the Bitcoin and crypto market flash crash that saw 10% retracements across the board. Investors in every industry seem to be panic selling, and we draw comparisons to the Oil markets which have also experienced their worst shortfalls since 1991. This has all been largely sparked by Coronavirus fears, but has also resulted following tensions between Russia and OPEC nations, as well as pushes by Saudi Arabia for greater market share.

We end the video with an optimistic multi-year price projection for Bitcoin.

References:

https://oilprice.com/
Oil crashes by most since 1991 as Saudi Arabia launches price war
https://www.cnn.com/2020/03/08/investing/oil-prices-crash-opec-russia-saudi-arabia/index.html
Oddgems BTC price prediction:
https://twitter.com/oddgems/status/1236946255755882498?s=21

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