This should change soon

Bitcoin has a very high correlation to the global money supply, at least historically.

When the money supply goes up, bitcoin goes up.

When it goes down, bitcoin goes down.

Lately we have a massive surge in the global money supply but bitcoin isn't doing much of anything yet:

(Source: https://x.com/Bitcoin/status/1844472947165233494/photo/1)

My guess is that this will be short lived and bitcoin will play catch up here soon.

It just needs a catalyst and for governments and bankruptcies to stop dumping it.

Hopefully that happens here soon.