Replying to Avatar 343PG

The real story is that the US 30 year bond yield is now above 4.5%, whereas a couple of years ago it was under 2%. Combine that with the fact that Bitcoin still sits above its 200 week moving average despite this.
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TheBitcoinManual 2y ago

I'm still seeing a bunch of articles of late saying bitcoin is primed to break down even further under these conditions, not that I think BTC is a concern for the fed but I guess its still seen as a risk asset and needs to be taken down a peg like the stock market as part of this tightening cycle

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343PG 2y ago

Here’s the rub.. the lower you force Bitcoin, the less there is available in dollar terms to buy and the stronger hands it ends up in. As a wise man once said “My bitcoin can remain in cold storage far longer than the market can remain irrational.”