Bitcoin (BTC) Price Up 100% This Year; Safe Haven from Debt Spiral, Bond Rout and Geopolitical Tensions Helped Rally

“After 2022 tricked so many into pondering that digital belongings are correlated to shares and bonds, many are left scratching their heads on the ‘new’ previous regular,” Jeff Dorman, chief funding officer at Arca identified. “A debt spiral results in a lack of confidence in banks and governments and a repricing of risk-free charges amidst file provide, which is dangerous for bonds and fairness valuation fashions, however good for different types of wealth and cash creation,” he added.