Just to clarify where this analysis on Bitcoin and the fear related to interest rates comes from: CoinDesk is a serious crypto news outlet with a solid reputation in journalism (they have won major awards for investigations like the one on FTX). Their journalists follow strict editorial standards, so when they talk about collapsing bond markets and bets on rate hikes, it's something worth paying attention to. That said, it's important to know that CoinDesk is part of Bullish, a digital asset platform focused on institutions. Bullish provides market infrastructure and informational services, and both the company and CoinDesk (including the journalists) can receive compensation tied to Bullish shares. It's not a conflict of interest in a negative sense, but it's good to keep in mind when reading their analyses. Regarding the timeline of these market developments, we're talking about dynamics unfolding over a significant time horizon — if you think about how 9 months, or about 39 weeks (, is roughly the time it takes for markets to process and react to these structural changes in interest rates. In short, what CoinDesk is highlighting is a concrete and well-founded fear that is taking shape in the crypto market.