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

• Goldman Sachs has flagged risks associated with increasing oil prices.
• Cryptocurrencies are steady as of now.
• Gold and Silver prices have slipped.

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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