Or maybe retail investors are more worried about inflation (realizing it's ruining them anyway) and buying BTC as a hedge? (doesn't matter if it is one or not, it's about what they believe)
Inflation means the Fed will increase interest rates, which means there isn't much money sloshing around for speculators to put into Bitcoin. Which is why BTC went down when inflation was high, and now is going back up after the Fed signaled interest rate cuts next year because inflation is going down. So it doesn't sound anything like an inflation hedge because the demand for it isn't constant.
Bitcoin is tracking tech stocks speculation more than being stable during inflation.
yep, lack of disposable income is why poor people practically never buy drugs. See, the money supply is too tight and they cant borrow, they dont earn anything, so they simply can't pay for drugs or alcohol. This is why low-income segment has the lowest substance abuse percentages ever. /s
Never mind the fact that it's been able to be held in 401(k)'s for over a year now.
And while that sounds sort of nuts, consider that in the 70s, people looked at gold investors askance considering that given that it was no longer money and had very few industrial uses, it looked like quite an overvalued commodity.
That bubble hasn't burst yet. Maybe don't hold your breath too much.
My big concern is what happens when the original wallet structure can be broken by quantum computers. Modern wallets aren't vulnerable, but there's enough BTC floating around in lost wallets that the influx of liquidity could be quite an event, to say the least, when it hits markets.
