Michael Howell: Global Liquidity Explains 30% of Crypto's Price Moves

Description

Michael Howell breaks down the math behind crypto’s entire cycle.⁣ ⁣ “A 1% move up in global liquidity yields an 11% up move in crypto.”⁣ ⁣ That’s 4x the performance of gold as a monetary debasement trade.⁣ ⁣ About 30% of all crypto movement, up or down, traces back to liquidity.⁣ ⁣ “The reason it’s gone down is global liquidity is down right now as part of the cycle.”⁣ ⁣ Debasement is the story. Liquidity is the mechanism. 🎬⁣ ⁣ #Crypto #Bitcoin #Liquidity #MonetaryPolicy #MacroEconomics