It might just last 12 hours or 3 days, but it looks like it's going up from here. Gold is the canary in the coalmine, and silver jumped 4% and hasn't seen a sell off. I think a large green candle on the 1 hr chart will present itself shortly. Why would people buy BTC when interest rates need to climb? Because that would make the bank deposits invested in negative yield bonds worthless. The only way to handle it is to let other currencies absorb the value of money and paper over the debts.