Bitcoin Is The 'Last Functioning Smoke Alarm Of Liquidity,' Says Macro Analyst Luke Gromen - Stocktwits

Source: Stocktwits

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DW NOTE

Gromen's metaphor is apt but incomplete. Bitcoin trades at $64,000 — up 49% year-over-year while gold has fallen 21.7% from January highs and the 10-year Treasury yields 5.24%. The alarm isn't sounding a liquidity crisis; it's pricing the market's bet that central banks will print rather than let sovereign debt markets clear.

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