This is what happens when both economic attempts at controlling Bitcoin are on hold.

There are two main ways the powers that be attempt to control Bitcoin through economic means. Synthetic supply and raising interest rates.

1. Synthetic supply is essentially why gold is no longer a decent investment. Even if you buy physical gold any gains you might think would come your way due to inflation are eaten up by inflation of "gold" through synthetic supply. ETFs, commodities and the like all claim to be backed in some convoluted way with the underlying asset. But with no proof and the existence of greed this becomes less and less likely over time. Mt.GoX demonstrated the same thing can happen in Bitcoin. Such attacks are getting more sophisticated with FTX, GBTC and Bitcoin ETFs. But make no mistake, these are all just attempts to create synthetic supply.
2. Raising interest rates is more of a temporary measure because there is more collateral impacts. Corporate America doesn't appreciate being told they can't have access to infinite cheap money. And if the "debt wall" is to be believed a wave of bankruptcies will occur if rates don't come back down.

Suspend both of these and big surprise, Bitcoin becomes more enticing than USD or stocks.