Bitcoin is the same bubble mechanics of the tech stocks right now. Both are driven by Feds monetary printing dynamic, which is now coming to an end. Over the next three months you will see stocks sell off severely, the risk off sentiment will be seen as the levered crypto market starts seeing margin calls and will crash as everything delevers.
Essentially the Feds are backed into a corner where rising inflation is no longer able to be described as transitory, so they will have to attempt a tightening cycle. The debt situation and economic growth dynamics are entirely dependant on low interest rates being maintained and everything will crash as they try to tighten. Gold likely treads water during this phase. Once the Feds crash the market, they will have to quickly reverse their tightening and this will be the final phase leading to a dark place.
Essentially the Feds are backed into a corner where rising inflation is no longer able to be described as transitory, so they will have to attempt a tightening cycle. The debt situation and economic growth dynamics are entirely dependant on low interest rates being maintained and everything will crash as they try to tighten. Gold likely treads water during this phase. Once the Feds crash the market, they will have to quickly reverse their tightening and this will be the final phase leading to a dark place.