Bitcoin pushing past $25k and very close to past $26k is a lovely thing to wake up to, can’t help feeling that the current events in the USA and the Credit Suisse situation have fuelled a flight into crypto on some level, especially the US bank failures and obvious subsequent bail outs by the US government. I think this current scenario that we are seeing play out is more significant for crypto than many of us realise - this is the first time we are seeing a narrative form for the mainstream that traditional banking systems are not as safe as we have all been led to believe and that crypto, whilst still in its infancy is a real option for wealth storing instead of the banks. If Bitcoin can rise through this period and establish itself away from just tracking the US markets could we see a full disconnect from it tracking the Dow/SPX ?
Again I think we are witnessing something big here currently even if the powers that be are doing their best to deflect from the situation.
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