Jonatan Vázquez NavaNov 28, 2021 · 3 years ago5 answers How do petroleum futures affect the value of digital currencies?
Petroleum futures refer to contracts that allow investors to buy or sell a specified amount of crude oil at a predetermined price and date in the future. Digital currencies, such as Bitcoin and Ethereum, are decentralized forms of currency that operate on blockchain technology. How do petroleum futures impact the value of digital currencies? What are the factors that contribute to this relationship?