In 2009 the Fed started QE, which is money printing, to raise asset values. They believed that rising house and stock prices, would make people feel wealthier and that they would go out and spend like drunk sailors.
Milton Freedman mentioned QE as an example of what not to do. He said it was just inflation. That strong economies are built on a foundation of production and savings. Weak bubble economies are built on debt, consumption and money printing.
Unfortunately, for political expediency Ben Bernanke took the cowards way out and went down the money printing rabbit hole. Ironically, he wrote a book called the courage to act and won a Nobel Prize.
In March 2020 the Fed launched QE4 ie money printing, because nobody bothered to save anything and every business was shut down. Bitcoin went from 4k to 60k.
In December 2021 the Fed launched QT. In 9 months Bitcoin fell from 60k to 16k.
Now the Junkies on Wall Street, are betting that the Fed repeats the mistakes that they made in the past and Bitcoin has since made a recovery.