I do not understand the mismatch between global M2 liquidity, which is trending upward, and the apparent problems with bank and repo market liquidity. I would have expected M2 liquidity to play a larg...
This is base liquidity, not broad liquidity. Broad liquidity is still pretty good, but AI stocks and gold have been the biggest beneficiaries this year rather than bitcoin.
A lot of people bought bitcoin last year due to expectations about a sovereign bitcoin reserve and things like that, and those sorts of expectations are being washed out.
A lot of people bought bitcoin last year due to expectations about a sovereign bitcoin reserve and things like that, and those sorts of expectations are being washed out.
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