Part 6/9:
- 2021: As governments unleashed unprecedented amounts of liquidity to combat the economic fallout of COVID-19, Bitcoin skyrocketed from $7,000 to nearly $69,000.
Where Do We Stand Today?
Following the cresting peak in 2021, the markets have undergone a significant downturn, with 2022 and 2023 characterizing phases of tightening and crisis. Currently, we find ourselves in the early winter phase of the debt cycle, where the repercussions from aggressive rate hikes are still being managed. The immediate future will see a critical assessment of how these policies will pivot the economy back into a growth-friendly mode.