Excess money is flowing to Bitcoin so that more suckers can be lured into Crypto so that they could cannibalized later for feast.
It is a rally of everything.
Stocks, bonds, gold and commodities, and why not BTC?
Once the system gets flooded with money again, who knows, that could happen, the money has to go somewhere.
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Talk about double standards.
The Chinese saver, puts their money into a bank, or buys real estate. And they call that a real estate bubble, when there is actually something real backing it up. The savings generated from income in a economy growing at 5% or more.
The Fed stops raising interest rates, and goes back to the usual of lowering rates, and various other methods of injecting liquidity into the system. The money unleashed into the system, bids up all asset classes, such as stocks, bonds, gold and commodities, and why not BTC? Heck, it will even bid up real estate.
No one talks about a real estate bubble in the United States!
Why is that?
If they argue it is entirely different, that US real estate is backed by something, well, Chinese real estate is backed by something even stronger, which is actual savings, and needs no central bank to blow bubbles and prop up prices.
Dirty double standards. Little wonder some countries always harping about China debt crisis. They either got no money or they printing money.