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

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

Source: Stocktwits

DW NOTE

Gromen calls Bitcoin a liquidity alarm, but alarms only matter if you act before the house burns down. The 10-year is at 4.67% with the deficit running 3% ahead of last year — that's not a warning signal, that's the market pricing exactly what's happening. If Bitcoin were genuinely the canary, it would have died when the Strait closed 61 days ago and crude fell 26% anyway.

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