I wholeheartedly agree that the purchasing power of money is very important. Bitcoin is money. It literally serves no other purpose than to be exchanged at some point of time for a real world good. You can't eat a bitcoin, live in a bitcoin, drive to the park in your bitcoin, etc... I agree its stupid for people who are heavily invested in bitcoin to act all happy that the price is going down, this is just a "the grapes are sour" type of coping mechanism.

But markets are a fickle beast. 80%+ of the wealth is owned by a tiny fraction of the population, and they tend to have insider knowledge of policies before they are implemented. Prices are also set on the edge, based on the last trade.

Humans tend to follow herd behavior and the algos that do the vast majority of trading are even worse and are hard trend followers.

Throw in the extreme uncertainty and chaos of Trump into the global mix, and yes we have a chaotic stock market which bitcoin is a tiny tiny tiny little subset of.

I am leaning towards the theory that Trump wants to crash the market hard in 2025. Why? Because he can then blame it on Biden and his followers are stupid enough to parrot and believe it. Interest rates will plummet alongside the stock market which will allow Bessent to roll over much of the debt at lower rates. The federal reserve will then implement several cuts this year to combat the weakening economy. The end of 2025 and 2026 will begin the roaring comeback, which plays very nicely politically for Trump going into the midterms.

I wouldn't be shocked if we've seen the bitcoin high for several months and don't revisit the 100k+ until Q4 of this year. But on a positive note, we may not have the typical cycle crash next year and could have another up year...