/biz/ - Business & Finance

>>53014436
>Bitcoin has only been performing during a lowering interest rate cycle with money printing.
>Unfortunately it seems the 40 year cycle is over and and a new 40 rising interest rate cycle has started.
>This is being reflected in your chart. It's the beginnings of a mega bear trend in bitcoin.
There will of course be significant bear market rallies (that will be labelled bull markets by the bitcoin permabulls) but in the context of an overall bearish trend going forward for the next few decades.
Bitcoin will be trending toward zero dollars, and people in the future will be looking back on the 2010s as a strange case of mass delusion that overtook the global general public which caused them to speculate on intrinsically worthless funny internet magic tokens and bid these to ridiculous valuations. It will be in the history books, and people will marvel at how dumb people were back then and how they could get caught up in such greedy schemes.