Bitcoin has only existed in an era of MASSIVE MONEY PRINTING by the Federal Reserve, that started in response to the 2008 Financial Crisis.   When the Federal Reserve is printing money, stocks, and most other financial assets go up by a huge amount.   The best example of this is MARCH 2020, stocks and Crypto crashed on an epic scale ( Bitcoin 3000 ) when the economy basically shut down.   The federal reserve did a MASSIVE amount of money printing and stocks and other financial assets miraculously recovered in just a couple weeks.

Money printing and zero interest rates ( AKA:  FREE MONEY ) create huge speculations in worthless schemes that would never normally exist.  Tulip Mania, Dot Com Bubble, Zombie Companies that never make money, Cryptos, etc, etc.....

NOW:   Inflation is now very bad, forcing the Federal Reserve to raise interest rates and withdraw money from the system.   Now is the time when we see worthless companies and worthless Cryptos collapse.  Indeed, several crypto lenders have already collapsed and even more are in the process of collapsing.  The Federal Reserve must fight inflation and will NOT be saving the markets this time.  Bitcoin has ZERO intrinsic value, it is only worth what someone else will pay for it.   Without the speculative bubble of the past 14 years to support Bitcoin, will go close to its value of ZERO.

Bitcoin has NEVER seen an era of rising interest rates and tight money before.  This time IS DIFFERENT !!!!!  Ignore this fact at your own risk