For over 200 days, Bitcoin has been on "highs" without falling. This has never happened before in history. Just like the credit window the US now has.
At the moment, Bitcoin has tested the flip side of the global bull flag, which I reported in my posts. And even broke ATH!
What do we have now from the economic side? This is a huge "Federal Reserve discount window", which has never been seen before in history. Simply put, how much more money can the US inject into the market? And the infusion of money leads to an increase in prices for everything, such as food, technology, the stock market, and Bitcoin too. For example, I will present a chart of the S&P500 (SPX) (the main US index, simply put) [See pictures]
You can flip through it yourself and look at 2008, 2019 and 2023. Notice how much growth there was after those years and how much growth is just beginning now. And all this because the US printed money to support the market:
2008 - saving the market after the stock market bubble - printing and injecting money.
2019 - rescue from covid, people losing their jobs - printing and infusion of money.
2023 - banking crisis rescue - people take money (their deposits) out of banks - printing money to provide liquidity to banks.
Gold has already moved almost $800, while it took about 200 years to reach $2,000, and here in less than a year it has shot up another $800.
What fuel does all this grow on? Fuel from the US printing press. And that's good :)
We still have to decide on the % rate and inflation data. Lowering the rate will make money and loans cheaper and will allow businesses and the economy to develop faster (including crypto market projects), which will lead to increased purchasing power and a gradual increase in prices for everything, including markets.
When inflation reaches "unpleasant" levels, the rate will be raised again, money will become more expensive, inflation will slow down and the markets will cool down. And so it will be "forever".
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fraxover
