Quote from: pawel7777 on Today at 12:06:20 PM

Quote from: BrewMaster on Today at 05:24:55 AM

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.

The problem is Bitcoin's price (in recent years) was strongly correlated with traditional stock markets, and Bitcoin reached its ath in a very low-interest environment.
It's way too soon to be opening a bottle of champagne to celebrate success, as it is yet to prove that the correlation has been broken and Bitcoin's price is independent of other markets.
Also, the recession hasn't even started yet.

I think the good measurement stick is how big the next bull run will be, we have seen predictions like $180k++ in 2024-2025. So yeah, it might be early to say or to celebrated, but if FEDS are going to continue to bail out banks in the next year, then maybe we will see a massive bull run after the bitcoin block halving. And we have like 2 banks in US and then 1 in Europe at this point.

Regardless how many of them are going to fall though, Bitcoin is going to be the real winner because that's how it was born by Satoshi.

We've already seen a swing in prices, $27k right now, and maybe $28k will be the next goal, for March alone. Not saying that we are in a bull run already, but with what is happening globally, investors might be running to bitcoin to hedge.