Prepare to experience a big surge for Bitcoin like it was 2015 - 2017
Deflation is always worse than inflation. Deflation means sustained decrease in prices of goods and services, can have several negative consequences on economy such as , decreased spending, reduced investment in new projects and hiring. This ultimately results in increase in unemployment which is not only bad for economy but also impacts vote bank of ruling party.
But aggressive QT/tightening is what the cabal behind the Federal Reserve must do to fight and control inflation, or else, the U.S. Dollar will be under the risk of hyperinflation.
The Federal Reserve's mandate is price stability, they have to have inflation under control.
Quote
It is expected, that during deflation the both stocks and crypto markets may perform poorly.
I don't think FED will allow deflation to occur in USA, they will start printing money as soon as they detect some signs of deflation.
I believe BRRR-Money-Printing will start as soon as something breaks. That's when Bitcoin WILL start to surge like it was during 2015 - 2017, because we already know that there's high probability that they will over-adjust in QE/expansion.
Although, Jerome Powell is indicating that the Fed might stop tightening, and pivot earlier than planned.