Bitcoin Faces a New Liquidity Test as US Money Supply Hits Record $23.34 Trillion - finance.yahoo.com
Bitcoin Faces a New Liquidity Test as US Money Supply Hits Record $23.34 Trillion - finance.yahoo.com
Source: finance.yahoo.com
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DW NOTE
The money supply figure is irrelevant. What matters is that the Fed just raised rates into a supply shock — oil down 6% this year, the Hormuz closed for three months, and producer prices running at 5.4% while headline CPI prints 3.4%. Bitcoin isn't facing a liquidity test; it's facing the same thing every risk asset faces when central banks tighten into stagflation: whether anyone still wants exposure when both growth and purchasing power are contracting.