In this video, I argue that Bitcoin's relatively weak price performance in 2024 can be attributed to it being an advanced liquidity indicator that has been sniffing out excessive Fed tightness. That tightness is now showing up as real damage to the economy.
Fleeing into a "safe haven" like US Treasuries makes little sense, given the Fed money printing that is going to be necessary if we enter a recession in the US.
Bitcoin is the real safe haven, free from both counter-party risk and debasement risk. Expect Bitcoin to function more like a safe haven asset and "flight to quality" asset in the future, as more people figure this out.
Not investment advice! Consult a financial advisor.
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin #Fed #recession
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