The Fed, in an attempt to reign in domestic inflation, is going to break financial markets in the meantime, and the response will be a return to net easing policies.
It’s at this moment that the world will again come to appreciate the unforgeable costliness and programmatic monetary policy of bitcoin as an investable asset. While bitcoin is now simply moving in response to changes in the so-called liquidity tide, its proponents understand it is something much bigger than just a speculative asset. Rather, it is a digital age alternative to the current monetary order of central bank monstrosity.
For now, the liquidity tide is still pulling out, and for patient investors/savers, in time you will be rewarded.
Bitcoin as an asset is primed like no other to significantly outperform when a meaningful change in flows occur, and in our estimation, these flows will likely arrive with a distinct policy pivot.