What is the impact of crude oil price on the value of digital currencies?
Ashfaq AhmadJun 09, 2024 · a year ago1 answers
How does the fluctuation in crude oil price affect the value of digital currencies? Is there a correlation between the two?
1 answers
- SummerCodaOct 29, 2024 · 10 months agoAt BYDFi, we believe that the impact of crude oil price on the value of digital currencies is limited. While there may be some short-term fluctuations due to market sentiment, the long-term value of digital currencies is driven by factors such as adoption, utility, and technological innovation. Therefore, investors should focus on the fundamental aspects of digital currencies rather than being overly concerned about the price of crude oil.
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