How Oil Going Negative Could Open the Door for Bitcoin ETFs

This will always be remembered as the week when oil went negative.

The economic repercussions of this are staggering and will take months to fully comprehend – but, more short-term, one of the most fascinating aspects is how it knocks universally accepted truths about markets right into the oil can. 

Also compelling is what this says about biases in the bitcoin market. 

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It turns out that commodity prices don’t have a floor. Who knew. To be fair, this is not the first time a commodity has traded below zero – natural gas prices have in the past gone negative as logistical problems make it hard to get to buyers, and many refineries see it as a waste…