back in 2008 when the financial crisis was going on and the banking system was failing like dominoes we saw bitcoin rise from those ashes with these words:
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.

- in 2022 we have been seeing the same thing.
- the inflation rate went up a lot.
- to control it the governments decided to increase the interest rate.
- it could only slow down the rise of inflation rate and caused recession.
- the banking system started failing again.

the high interest rate means people with debt (which is the majority of population) were forced to pay back more money to the banks which meant they had less and less money to spend on anything else hence starting the recession. the recession that decreased the revenues of a lot of companies like in the tech field and like a chain it affected the banking system too.
this is why we saw the Silicon Valley Bank collapsed catastrophically, the second-largest failure of a financial institution in US history.
this is also why another bank, Signature Bank also failed catastrophically. a bank that shows another failure in the real estate and mortgage market just like 2008.
this is also showing up in the stock market as the stocks of these companies are dumping hard.

this is all too familiar, the repetition of 2008 but with some differences. this time China is not bailing US out buy purchasing its debt, in fact China may even dump the US bonds she has putting more pressure on US economy with its even increasing debt. the Dollar is also getting weaker since unlike 2008 the petrodollar is not dominating the world anymore. the energy price is also still high contributing to the inflation.
but the increasing recession, interest rate and unemployment is all the same.

so, what does this all mean for bitcoin?
bitcoin was born out of the financial crisis, we could even say it was created because of it so that people have a sanctuary they can flee to.
when we look at the charts we can see that during the time the banking mess has been going on and as they kept collapsing, bitcoin price keeps on rising. in fact it broke a major resistance at $25k which it couldn't break before thanks to the banks collapses.

i believe the more banks fail, the more bitcoin price is going to shoot up.
this year we could see much worse financial crisis and a much bigger bitcoin price rise in one of the biggest FOMOs that bitcoin has seen so far.