THEY CAN'T CRUSH CRYPTO

The vibe right now, you just can't kill Bitcoin no matter how many times they may try to keep Bitcoin down. Pandora is out of the box Pandora is the one who opened the box but chaos has been released from the box and it's not going away. No matter how many times they try to crush it, it's just not working. The intended effect is just not working for them anymore. From Mark Harvey he says crypto may be dead but Bitcoin is accelerating. So while that Vibe is out there, you have to look at the actual on-chain data. Remember that last month we had an all-time high for daily active addresses across all blockchains. Inspite of all the craziness, monthly all-time high for daily active addresses. The network growth during this bear Market has been insane.

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The Vibes between the equity markets and the crypto markets do tend a bit of rhyme. Although while we see the SP 500 raging higher off the back of that inflation news, we in crypto have the sad reality that we have not pushed higher. The SEC again weighing so heavily on the markets so while this inflation news is great for equities, it hasn't been great for the crypto markets so far. Because the crypto markets have significantly at this point diverged from the equity markets. Traditionally, we have a very strong correlation between the crypto markets and the equity markets. Particularly, like the NASDAQ 100 and the SP 500. We tend to move very much in lockstep with those and have for a few years now.

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Currently, we're moving a bit closer to Gold, however, we see the equity markets benefiting from these kind of things that are happening right now. Where we see the inflation falling, the equity markets benefit. If we see the Federal Reserve indeed pause interest rate hikes, the equity markets stand to benefit from that as well. In 2019 it's a pretty rough time because we had a nice little rally for Bitcoin but then it was a rough year. It was a very rough year, we had lots of pain in that year especially the second half the year, prices came right back down. But during that whole period where Bitcoin wasn't even anywhere close to reaching new highs, we saw the S P 500 put in three or four different new all-time highs in 2019. That's the kind of craziness that we're dealing with here in the kind of Divergence that we're seeing right now in the markets. 2023 is a 2019 like year, the year before the Bitcoin halving.