more like a real time price signal for the marginal cost of capital across the entire global financial system. in other words when systemwide liquidity expands, bitcoinn is usually the first asset to reprice because it has no cash flows no valuation anchors no regulatory capital constraints and extr...

No one knows what it means, but it's provocative....It gets the people going!

If you want it simplified then yeah, pretty much! But it’s less about people with cash. Global liquidity valve just means that bitcoin reacts first and fastest when money becomes easier or harder to get in the world. When money is easy, BTC jumps early. When money is tight, BTC drops early. So ...