At one point, the experts were talking about Bitcoin going to $42k and below but whatever the reason may be, markets had other ideas yesterday and now Bitcoin sits at $48k and was as high as 49k yesterday.
Some say it is because the authorities came out in support of embattled property developers. Others say it is because Christmas is coming and this is a Santa Claus rally. Whatever the reason may be, it is very welcome. If the market is healthy, then pulling back some stimulus shouldn't tank it.
Of course, lots of uncertainty over Omicron and the measures taken to contain it. Do we still need to panic now that a majority of the population is vaccinated? Remains to be seen. Personally, I think it will be hard to change minds from 0 covid to living with the virus. Right now, there's a terrible stigma associated with the virus here. Like you become some pariah overnight.
Otherwise, it is still all about getting used to life here and it has been quite an adjustment not helped by the rain at all. Also, living arrangements here are good but not ideal. Could really be better and we are thus looking at alternative arrangements.