Bitcoin is different from all other assets (crypto and traditional) due to its unique property of immutable scarcity.

Unlike other commodities, Bitcoin has a predetermined algorithmic supply schedule that cannot be changed.

PPI is currently at 15.2%, and the only time it has ever been higher was for two quarters in 1974, as seen above. PPI tends to lead CPI as input costs rise for producers and eventually spill over to the consumer in the form of higher prices for produced goods.

Investors expect the Fed to increase interest rates in the short term so much (to fight inflation) that it ends up squeezing credit, causing a recession and ultimately leading to lower interest rates in the future.

Bitcoin, like gold, is a hard, scarce commodity with no counterparty risk, meaning if you hold it yourself, you do not have to trust any other entity to custody (like gold), pay you back (like fixed income), or successfully run a company (like equities).

Not only does Bitcoin have superior monetary properties compared to gold, but it is also disruptive new technology. This tech is starting to gain traction at the same time as incoming supply is exponentially decreasing.