I think people need to realize that the current price increase is a direct reflection of the economic slowdown in China. Bitcoin has been on the rise ever since China devalued the yuan back in August. To stabilize the markets the government step in and purchased upwards of 6% of available volume to minimize the downtrend. China has re-entered the bitcoin landscape which has caused the recent price rise. If the U.S. continues raising interest rates, quarter after quarter, the Chinese economy will pickup steam as exporting will become the main driver to restart their economy and the bitcoin market cap will begin its correction. Lets not get ahead of ourselves and fantasize about a halving taking place next July. But hey, what do I know, I'm no economic expert......wait, yeah I am.