I thought it was the other way around. Commodities and alternative investments including bitcoin would drop for the same reason as stocks, due to more expensive lending and a stronger dollar. It's savings accounts that people would be eyeing instead of their stocks.
Bitcoin does not have a direct relation with the stock market, but it does somewhat have a relation with the dollar.
Let me know if/how I'm wrong. Here I was hoping that interest rates DONT rise.
People who make that claim assume that both stocks and Bitcoin are at peak of the market dues to excess liquidity.
The excess liquidity went ENTIRELY to stock buybacks creating a bubble. If anything, money was likely leaving Bitcoin at this time creating a vacuum rather than bubble in this market.
Investors wish to either preserve or parlay their stock bubble earnings into further growth. To do this, they have to leave that bubble and choose a less overbought market. Bitcoin will be a prime target when it's upside potential is $250,000 to a $1 million a coin.
The front running is just starting when Bitcoin is on the cover of the Rothschild owned Economist and Bloomberg in the same month, then on Forbes two months before: