Part 5/10:
Ignoring pure cycle theory momentarily, the host examines macroeconomic influences that align with 2019—a year when Bitcoin also experienced a top and subsequent decline despite monetary easing.
Back then, Bitcoin topped out just before the end of quantitative easing, and its subsequent crash coincided with rising interest rates and tighter monetary policies. Currently, similar conditions prevail: interest rates are high and expected to stay elevated ("higher for longer"), leading to investor fatigue and reduced retail participation.