Quote from: crypticj on March 22, 2023, 04:09:17 PM

I already talked about how we all should wait for the FED to start cutting interest rates cos it will be a great signal that bitcoin and stock markets WILL go up. (because the economy will get better)

The only issue with this theory is that Bitcoin has de-correlated with the stock market over the past few weeks after a years worth of correlation. Even yesterday stocks went up as Bitcoin pulled back. So the correlation between stock markets and Bitcoin will ~~have~~ to return, otherwise these theories have no subsistence, and if anything the opposite would instead be true.

Quote from: crypticj on March 22, 2023, 04:09:17 PM

So today I want to talk about a possible date when it could actually start happening. If you will check the CME website you will see that the market expectation is that FED will start cutting interest rates in June. And it's a very important thing for the economy and crypto.

I still think around June (more generally summer) is when there will be a local top for Bitcoin prior to a pull-back to a more realistic price, since price has continued moving to the upside.

I only say these things as initially when SVB went bankrupt people said "this is bad for Bitcoin", because at the time price had started to pull back towards $20K. Then when Bitcoin pumped back up to $25K people changed their mind and said "this is good fro Bitcoin", because price was rebounding. I imagine if Bitcoin had gone sideways people would of said "this doesn't affect Bitcoin". It's the same old story.

It's almost as if Bitcoin might not be as inter-connected with macro economics as we think, but it's always possible to attribute certain events to Bitcoin's rises or declines...