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
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DW NOTE
Gromen argues Bitcoin reflects global liquidity conditions — that when fiat systems pump, Bitcoin rises, and when they tighten, it falls. The theory worked until the Strait of Hormuz closed and oil hit $96 while the Fed priced in rate hikes. Bitcoin hasn't tracked either the liquidity shock or the inflation hedge trade. If it's a smoke alarm, someone cut the wire.