Calling Bitcoin a ZIRP or LIRP asset has officially been falsified.

Bitcoin not only kept its value but also appreciated from $40K to $65K during the high-interest rate period from February 2022 to August 2024.

Bitcoin appreciated by 62.5% on a cumulative basis and 21% on an annualized basis.

Bitcoin is essentially independent of interest rates.

The key is the inexorable increase in net liquidity of the U.S. dollar due to:

- Its lack of a supply cap

- Profligate government spending

- Excessive federal debt