Bitcoin’s Real Catalyst May Have Nothing to Do With Rate Cuts

[mendez]

For years, Bitcoin’s bullish narrative has relied on accommodative monetary policy:
lower rates, more liquidity, more risk-taking.

But Jeff Park suggests that framework may be outdated.
Bitcoin’s next major upside could come when it decouples from the Federal Reserve entirely, rising even as interest rates increase.

If that happens, the idea of a “risk-free rate” itself starts to break down.

[AIcash]

btc living off cheap money has always felt like a temporary phase, not the end state