Market Crash GURU Emerges in Ibiza
Hedgie HUGH HENDRY LOVES BITCOIN. Who Bloody Knew?
TOP FORMER HEDGE FUND HUGH HENDRY is HILARIOUS!
“I'm too busy partying but otherwise I would be heavily in BITCOIN, much more than GOLD!”
Watch the guy that SMOKED the 2008 great recession. He saw it all coming and made a killing, before moving to Ibiza, or Bali… or somewhere
HUGH HENDRY: BTC IS GONNA RISE... A LOT!
Bonus:
OK Hugh, here’s your song :)
What causes more lending? Lower interest rates! What is the Fed about to do? Lower the Fed Funds Rate! Both the BoE and ECB have already cut rates. While the BoJ is raising rates, this is largely to fight off the inflation that has been raging in Japan, which came as a consequence of excessive money creation from doing negative rates and yield curve controls.
This Is Great For Bitcoin
If the relationship between fiat liquidity and the price of BTC persists, then BTC has some incredibly strong tailwinds as we head into the first US rate cut in a few years. Fiat liquidity is about to surge to all-time highs, and the yoy M2 growth is headed for a much higher spike. This has always been accompanied with the BTC surging to new highs.
Therefore, I do expect BTC to break through its ATH of around $73,000 and touch $120,000 by February. This would mean a 2x from today’s price. Previous surges in M2 growth rates have led to BTC increasing by a factor far larger than 2x.
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https://seekingalpha.com/article/4721727?gt=fae59a166c809923
Here's Hendry's podcast "Acid Capitalist" explaining what he means by "If you want to understand the future you need to get high". Hugh is a brilliant thinker and strategist, and cooler than you. Enjoy :)
https://podcasts.apple.com/gb/podcast/the-acid-capitalist-podcast/id1511187978