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.
Oil crashes by most since 1991 as Saudi Arabia launches price war
Oddgems BTC price prediction:
Here's my long-term $BTC view, Enjoy! ☺️
(Nothing is financial advice) pic.twitter.com/V26FyN3spe
— Oddgems (?) ?️?? (@oddgems) March 9, 2020
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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.