But that's not what we've seen so far. BTC and stonks are correlated to lower interest rates. When bonds don't yield, capital goes there. The moment the Fed started the hikes and bonds started to yield, the markets crashed, i.e., capital fled "risk assets" and went to bonds.
Discussion
Yes, but this has been talking about CPI which is the value of inflation, not interest rates. Although CPI is heavily manipulated, most people don’t understand that and will think “phew, the dollar is doing better now” which increases retail’s confidence in fiat. All that said, means less demand for bitcoin because normies will think everything is hunky-dory (⬅️technical term 😂).