You guys seem to be the only people who are not bearish on BTC currently. It's going to be an interesting period! Question: what is more dangerous to BTC price levels, rate increases or the recession/depression they will likely cause? I.e. will BTC resilience be tested most this year or next?
Bitcoin's resilience will be tested to the ~nth degree this year - this is the first major macro event that will be prolonged in bitcoin's lifetime. In the Fed's fight against inflation, elevated rates for longer pose a threat to risk assets broadly, especially bitcoin, being a highly sensitive, $400b asset still in its infancy. Good question!
You guys seem to be the only people who are not bearish on BTC currently. It's going to be an interesting period! Question: what is more dangerous to BTC price levels, rate increases or the recession/depression they will likely cause? I.e. will BTC resilience be tested most this year or next?
Bitcoin's resilience will be tested to the ~nth degree this year - this is the first major macro event that will be prolonged in bitcoin's lifetime. In the Fed's fight against inflation, elevated rates for longer pose a threat to risk assets broadly, especially bitcoin, being a highly sensitive, $400b asset still in its infancy. Good question!