Michael Howell: Bitcoin as the Apex Liquidity Asset
📺 Watch Video Bitcoin Magazine Michael Howell: Bitcoin as the Apex Liquidity Asset CrossBorder Capital's Michael Howell explains why global liquidity drives markets and why Bitcoin is emerging as the apex asset in a debasement world. This post Michael Howell: Bitcoin as the Apex Liquidity Asset f
Source: Bitcoin Magazine
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DW NOTE
Howell's framing rests on a category error: liquidity is not a store of value, it's a measure of flow. Bitcoin is volatile because it's small and thinly traded, not because it has some mystical sensitivity to central bank balance sheets. Gold survived emperors who debased coins by hand; Bitcoin has survived fifteen years and two bear markets. Calling either the "apex" of anything in October 2026—with the Fed at 3.75%, oil at $100, and the yield curve only just uninverted—is asset marketing, not monetary analysis.