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Early Bitcoin advocate explains how falling oil markets mean profits for America and

The world’s equity, fuel, and bonds markets have entered into uncertain and volatile periods — driven on the back of unstable trade wars, changing fundamentals, and the ongoing coronavirus pandemic.

Cryptocurrencies are not far behind. Digital asset markets, while not linked to traditional investments, suffer the brunt of global fundamentals; even the price cycles are independent.

But a Bitcoin veteran believes the recent fall in oil markets, when a certain futures contract traded at -$37 at one point, is ultimately a positive for the cryptocurrency markets, and more specifically Bitcoin miners.