The sell-off has started even before the liquidity injections were utterly cut off, as the FED announced a few months ago and before the rate hikes began.

The indiscriminate advance of the markets over the last two years is starting to take its toll, and we are seeing it in the carnage that is taking place in the indices, but especially in growth stocks.

The market behaves like the first time you drive a boat, unlike a car. It takes a few seconds for the ship to turn when you turn. When you feel that it hasn’t turned, you try to turn some more. When you see that the boat reacts and starts to turn, you turn in the opposite direction, but it is too late, and the ship is completely turned.

Around this time, the Bitcoin haters start to emerge, and we keep seeing comments against Bitcoin as a store of value. They all make the same kind of criticism:

“The Bitcoin is closer to 0 than to ATH” True. 

“Tthe last month gold has performed better than Bitcoin” True.

“Bitcoin volatility is…