The Chief Strategy Officer of CoineShare, Meltem Demirors, shared her opinion about the most recent crisis in the oil market. She discussed the impact on Bitcoin. According to her, the recent oil price crash is an existential moment that could change the story of the investment world. In her take on it, the COVID-19 pandemic has made nonsense of all expectations about what normal is in the world of investments. People who expect things to go back to the usual ways of things will not see those expectations realized.

Demirors says that the world is not just seeing a reprice of the barrel of oil. Instead, it is a new way of thinking of the value of all types of energy. Demirors says that geopolitical issues will shift from access to energy and energy futures to access to connectivity and computing. She also says that China's work to win the digital race is an example from thinking of oil to thinking of computing. All of the turmoil in energy markets is also changing what people think of as risk. She assumes this will go in the favor of Bitcoin.

She uses the interest rate of zero, set by the United States Federal Reserve, as an example that there are no longer any low-risk, fixed-income or stable assets. She goes on to say that the interests of investors are moving toward high-risk and high-reward assets like Bitcoin. A person's attitude about the volatility of markets is also on the move. Assets that used to rarely have large price fluctuations are having them. Bitcoin's volatility is not unusual now if oil is as volatile or even more so. This will change investor attitude about Bitcoin versus oil.

Demirors also added that there are still some basic threats to Bitcoin. Reliance on financial institutions as exchange platforms is one. Their assets can still be frozen or taken by the government. People are still trying to tell a story about Bitcoin as a solid hedge. However, putting Bitcoin in traditional financial institutions negates this kind of argument on the part of non-traditional asset investments.