What does it mean for bitcoin?
I still stand by my words that until inflation won't get better -> FED will keep rising rates -> which will damage the economy and stock market -> bitcoin will suffer too.
Not necessarily. If Silicon Valley Bank triggers a Lehman Brothers moment and everything starts to go to shit, they will eventually have no choice but to change monetary policy. There are many interrelated pieces on the board.
On bitcoin, it is curious that many of us thought that in principle moments like this would make it go up, but in the end, the price of bitcoin is measured in fiat today, mainly in dollars, and if there are fewer dollars available to invest because of tightening, in the end less goes into bitcoin.