The Fed has stopped cutting rates, inflation is still elevated, and yields are rising across all countries. The RBA raised rates and entered another tightening cycle again, and there’s fear that other central banks could do the same.

Markets were basically pricing in low inflation with low interest rates again, but this time we won’t get that. Rates will have to stay higher than before.

We’re also dealing with periodic geopolitical shocks, political crises, deliberate dollar devaluation, and the erosion of the Fed’s credibility. Soon we’re getting a new Fed chair.

On top of that, AI implementation will restructure the global economy and the labour market, and it’s believed it could have a deflationary impact. At the same time, metals are at all-time highs and so is the stock market.

Japan is slowly but surely raising interest rates. Once real interest rates in Japan turn positive, and the more they rise, more capital will flow into Japan, which could break markets.

China is fighting to revive its economy, etc.

There are simply too many factors that could affect price, especially because this is crypto and it’s extremely, extremely easy to manipulate price. But in my opinion, the best approach, and what I personally prefer, is DCA into $BTC.