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.
FREE PAID 4 YOU CHANGA AND FRIENDS GIFT!!! (ACCESS ONCE ONLY PLEASE!!!)
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 :)
OK, Here's a little update since you last saw him in CNBC and Financial News... I've always enjoyed Hugh Hendry's approach to life and no-holds barred approach.
I agree with going to hard assets…not to sure about bitcoin. I understand the allure but at the end of the day it isn’t backed by anything. I’m probably just too old school to appreciate the product. Personally I like precious metals and to a lesser extent diamonds (easy to conceal and transport). Pax
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.
FREE PAID 4 YOU CHANGA AND FRIENDS GIFT!!! (ACCESS ONCE ONLY PLEASE!!!)
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
OK, Here's a little update since you last saw him in CNBC and Financial News... I've always enjoyed Hugh Hendry's approach to life and no-holds barred approach.
In 2017 Hugh, who has three kids Cameron, 20, Caoimhe, 18, and Eugenie, 15, with his Glasgow-born wife Mhari, got out of the hedge fund game after snapping up a property business in the Caribbean which led to his new home in French speaking St Barts. https://www.thescottishsun.co.uk/tvandshowbiz/9607015/scot-castlemilk-to-caribbean-after-making-millions
Here's the Link (btw, you know Ethereum ETF's JUST got approved by the SEC 10 minutes ago. Right?)
https://x.com/hendry_hugh/status/1793748408047718519
I agree with going to hard assets…not to sure about bitcoin. I understand the allure but at the end of the day it isn’t backed by anything. I’m probably just too old school to appreciate the product. Personally I like precious metals and to a lesser extent diamonds (easy to conceal and transport). Pax