152. Bitwage with Jonathan Chester
The Bitcoin Standard Podcast
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Bitcoin's Price Driven by Its Own Dynamic Versus Macro Market Dynamics
So far it's really abided very well with the kind of pattern you would expect. It seems highly likely that by early 2024 federal reserve policy will have gone expansionary. I also like to think that before we get to 2017, which was that sort of peak in 2016, there was also the Brexit event and the China slowdown event. And if you actually look at how Bitcoin was reacting to these two events, we also were seeing, we're also seeing, you know, slow price rises. Again, this next bubble, 2020 with COVID with inflation is just because the government printing so much money during that time is directly correlated to the price of Bitcoin.
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