Bitcoin follows the S&P closely since its inception. The 2009 economic policy of brrrr is running out of steam. Eventually people will scale out of overpriced stocks and into more traditionally safe assets. Gold for boomers and Bitcoin for millennials will amass the most wealth. The tumble in the S&P will be inevitable especially closing to and right after the elections - after Trump gets elected and another S&P correction is introduced as an excuse. Everything besides Bonds will suffer but commodities and gold will take the least hit.
Bitcoin and Gold will gain massive momentum after this with initial speculators and funds selling to cover their stonk position losses. Then after they realize that we are headed into Abenomics 2.0 and a long stagnation period, people will start slowly abandoning the inflated dollar and get into Bitcoin and Gold.
Bitcoin and Gold will gain massive momentum after this with initial speculators and funds selling to cover their stonk position losses. Then after they realize that we are headed into Abenomics 2.0 and a long stagnation period, people will start slowly abandoning the inflated dollar and get into Bitcoin and Gold.