Michael Howell wants a gold-Bitcoin volatility-weighted basket, sees $70K as key support, and says Kevin Warsh's Fed may keep liquidity from slumping.
Should investors pick gold or Bitcoin? Michael Howellâs answer is to hold both. Bitcoin, he says, is âthe most liquidity sensitive asset on the planet by far.â He suggests a volatility-weighted basket in which Bitcoinâs share increases as the asset becomes more institutional, possibly reaching 50/50 at some point. He also points to $70K as an important support level for Bitcoin and explains why the Fed under Kevin Warsh may keep liquidity from falling sharply.
Chapters:
0:00 â Howell on a âGangbustersâ economy and climbing bond yields
1:18 â How markets are being crowded out by the AI trade and the real economy
3:23 â What a flatter yield curve signals for the liquidity cycle
4:38 â The debt maturity wall and why governments will print heavily
5:42 â How the U.S. is monetizing its debt, from Fed QE to Treasury QE
7:45 â Chinaâs bond market, the yuan, and why Beijing has to print
12:33 â Why spending cuts wonât happen: monetization is the name of the game
14:25 â Building a monetary inflation hedge basket with gold and Bitcoin
15:32 â How Bitcoin and equities compare when debt is being monetized
19:29 â Kevin Warsh, money market liquidity, and what could be Bitcoinâs next catalyst
Disclaimer: The opinions and views expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This material serves informational and educational purposes only and must not be treated as investment, legal, tax, or accounting advice. Nothing in this show is meant to solicit, recommend, endorse, or offer any securities or financial instruments for purchase or sale. Anyone watching should seek advice from their own advisors before making financial or business decisions.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
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