Goldman Sachs Flags Oil Price Risks, Will Cryptocurrencies be Affected?

TheNewsCryptoPublished on 2026-03-20Last updated on 2026-03-20

Abstract

Goldman Sachs warns that rising oil prices, potentially exceeding $100 a barrel and even the 2008 high of $147.50, pose significant risks for 2026-2027 due to supply shocks from the Middle East conflict. This has raised questions about potential impacts on cryptocurrencies. While major cryptos like BTC and XRP have held steady prices recently, the risk of inflation could change the market dynamic. Analysts offer mixed crypto forecasts; one expert doubts BTC will reach $100,000 soon, while another predicts a potential drop to $10,000. Concurrently, traditional safe-havens gold and silver have seen price declines.

Goldman Sachs has flagged the possibility for risks in 2026 and 2027 if oil prices continue to rise. This stems from the ongoing Middle East conflict with Strait of Hormuz as a critical factor. One question that has now come up is whether it will impact cryptocurrencies. Prices are currently steady; however, there are chances of inflation, which could dramatically change the equation.

Oil Prices, Goldman Sachs

Goldman Sachs has addressed the timeline as the near term and into 2027, saying that supply shocks could lead to oil prices staying above $100 a barrel. Brent was last seen at around $119 before retreating to $109 a barrel. Goldman Sachs, in a report, has underlined that it may even breach the 2008 ATH of $147.50.

One of the scenarios supporting this downside is the crude for cargoes of Europe and Africa, wherein the price has reached $120. Russian supplies have also recorded a high of around $100.

Dennis Kissler from BOK Financial has said that it could take longer to bring the supply back to the market, given that the logistics could remain a nightmare. Meanwhile, there is still no tentative timeline regarding the conclusion of the Middle East conflict.

Cryptocurrencies, Gold, and Silver

Cryptocurrencies have held their respective steady prices over the last 24 hours. ETH, however, has shed 2.29% of its value. BTC, XRP, and a few more tokens have maintained a decent level on the price chart. The flagship crypto is still above the $70k mark, and the XRP price is strong at $1.45.

Gold and Silver have more attention at the moment. Gold price has slipped below $5k and is now at $4,672.71. While it reflects a daily jump of 0.51%, the price is down by 8.05% in the last 5 days and 4.03% over the last 30 days.

Silver, however, has lost 1.90% in 5 days to reach $71.43 at the time of writing this article.

What’s Next for Crypto Prices?

Specifically for crypto prices, projections are on both sides – up and down. A news report has quoted Bitget Chief Analyst Ryan Lee as highlighting BTC reaching $10k in the near future is highly unlikely. Lee said that it would take an extreme shock for the token to go that far.

Mike McGlone from Bloomberg Intelligence, on the other hand, has said that Bitcoin tokens may fall to $10k. The senior commodity strategist has based this from the institutional perspective, citing that the crypto asset class is dead.

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TagscryptocurrenciesGoldman Sachs

Related Questions

QWhat potential risk has Goldman Sachs flagged regarding oil prices for 2026 and 2027?

AGoldman Sachs has flagged the possibility of oil prices staying above $100 a barrel due to supply shocks, potentially even breaching the 2008 all-time high of $147.50.

QWhat is the critical factor mentioned that is contributing to the oil price risks?

AThe ongoing Middle East conflict, with the Strait of Hormuz being a critical factor, is contributing to the oil price risks.

QHow have major cryptocurrencies like BTC and XRP performed in the last 24 hours according to the article?

ACryptocurrencies have held steady prices over the last 24 hours. BTC is still above the $70k mark, and XRP is strong at $1.45, though ETH has shed 2.29% of its value.

QWhat are the two contrasting price projections for Bitcoin in the article?

ABitget Chief Analyst Ryan Lee stated that BTC reaching $100,000 in the near future is highly unlikely and would require an extreme shock. Conversely, Mike McGlone from Bloomberg Intelligence suggested Bitcoin may fall to $10,000, citing that the crypto asset class is 'dead' from an institutional perspective.

QWhat is the price movement of Gold and Silver mentioned in the report?

AGold's price has slipped below $5,000 to $4,672.71, reflecting a daily jump of 0.51% but is down 8.05% over the last 5 days. Silver has lost 1.90% in 5 days, reaching $71.43.

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