Opinion: The market may need to re-examine the traditional logic that "loose monetary policy drives the Bitcoin bull market".

PANews reported on February 7th that Jeff Park, Chief Investment Officer of ProCap Financial, stated in an interview that the market may need to re-examine the traditional logic that "loose monetary policy drives the Bitcoin bull market." More accommodative policies (such as interest rate cuts) may no longer be the key catalyst for Bitcoin entering a bull market. The most important upward catalyst for Bitcoin in the next stage may be entering its so-called "positively correlated Bitcoin" phase, meaning that its price continues to rise even under a Fed rate hike environment. This would also mean that Bitcoin will break free from the narrative of relying on quantitative easing (QE) liquidity. If this scenario materializes, it could mean that the logic of the traditional financial system is being disrupted, including the risk-free interest rate pricing mechanism, the dollar's hegemony, and the yield curve pricing method.