Interest rate hikes? Markets not as euphoric? You don't say!
Crypto's are correlating to tech stocks.. been that way for a long time. Well you wanted more institutional demand right? Well People want some dry powder!
If the 10 year keeps spiking up, well let's just kiss this whole ponzi scheme goodbye!
Dollar strength in terms of currencies is higher, but the dollar as you are very well aware is debasing compared to the things you can purchase. So what do you want to do? Stay in the dollar? It's gonna stay in the dollar as purchasing power keeps going down? What are other countries going to do!
So let the long's get washed out. Let's see who has actual real money in this market. I am holding because I believe in structural fundamentals. Nothing has structurally changed aside from the FED pivot raising interest rates. So let the markets crash. Let's play a game of chicken. I'm sure the stock holders / upper class will enjoy this! I'm sure the real-estate market will love a crash as well.
Look we all see our standard of living going down. Don't try to fool us! I'm fine with losing my crypto in a complete crash. The more money I make the more I'm taxed anyways! So let the lights go out for BTC, I'm sure most countries do not mind seeing their currencies devalue without exposure to BTC.
Narratives matter and BTC is sincerely a little tiny $2 Trillion market cap.