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I remember discussing with and old friend about american dollar, bonds and their interest rates and its relationship with stocks, gold and bitcoin. At the time bitcoin was around 20k in 2022 if my memory does not betray me. He was telling as a good economist how an interested rate of 5% after years around 0% would crash the stock market, gold and bitcoin would go to around 5k usd. If we were in less freaking manipulated market on all fronts he would have some reason, but also it's very hard to predict, like Mises would say, human action. Still it's very interesting how we went by 5% interested rate and gold, stocks and sats are up. So what's the next move for those things?
Yup, in principle I agree with you friend.
Everything, by ~2019, was priced for everything bubble. Why bitcoin and gold didn't obey the rules and collapsed in price when rates went from 0 to 5 is pretty astonishing...
And, I guess, above my understanding of things!
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