In this video, we talk about COVID-19, its growth, and how it can be best approximated. We look at different types of growth and the rate at which the virus is spreading. The effect that coronavirus is having on the global economy is certainly tangible, with oil prices plunging after an argument between Saudi Arabia and Russia on the supply schedule.
Saudi Arabia, who can produce crude oil at approximately $3/barrel, has drastically cut prices to undercut Russia, and hopes to take back some market share. Even though the price of crude oil has dropped, Saudi Arabia can still turn profits, whereas its a bit harder for other countries.
The question on everyone’s minds is where cryptocurrency and Bitcoin fits in. Clearly, in volatile markets, people tend to liquidate high risk assets. Pending a recession, where do you see the price of Bitcoin headed? Leave a comment down below and join the telegram channel to dive into the discussion!
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