Bitcoin is 87% correlated to global liquidity. The NASDAQ is 97% correlated.
Which tells you something most people never realise. These assets are not really trading on earnings, or news, or whatever the story of the week is. They’re tracking the amount of money in the system.
Bitcoin just swings harder around that line, because on top of liquidity it is young, volatile, emotional, and still riding a network adoption curve. Sometimes it runs hot. Sometimes it runs cold. Right now it is running cold, so people think something is broken.
Nothing is broken. It’s doing exactly what it always does.
So here is the question. If these assets track liquidity this closely... what if t you could forecast liquidity itself?
Well, actually, you can.
As I lay out in my Everything Code framework, liquidity is driven by the debasement of currency, and debasement can be forecast years ahead, because the interest payments that drive it are already known today and they lead liquidity by around three years.
Bonkers.
🚨 Yan Diomandé's move to Real Madrid is now expected to EXCEED €130M! 🇨🇮🤯
The deal is entering its final stages, with an agreement close to being sealed.
(Source: @Rodra10_97)
Trust Wallet now supports Tron via @WalletConnect.
Connect to your favourite @TronDAO dApps directly from your self-custodial Trust Wallet.
The entire Tron ecosystem, at your fingertips.
ENZO FERNÁNDEZ REPORTS RECEIVING THREATS FROM CHELSEA FANS AFTER HIS GOAL CELEBRATION AGAINST ENGLAND.
HE CLAIMS HE WAS WARNED NOT TO RETURN TO ENGLAND DUE TO EXPECTED HOSTILE REACTIONS FROM FANS.
ENZO ALSO ALLEGES CHELSEA MAY NO LONGER COUNT ON HIM AND IS CONSIDERING DISCIPLINARY ACTION OR A FINE OVER THE INCIDENT.
Today on Taking Stock | Chip stocks sink, oil prices plunge as investors brace for a pivotal week.
@MReinking analyses the market + CEO @terrry of @techdollarhq discusses private credit.
@jd_durkin has more. https://t.co/Atkg58ZsAR