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