Macro Framework for Liquidity
Basic Intuitioncrypto, much like tech or meme stocks, attract the last tranche of liquid capital. After bonds, stocks and private creditsince COVID, liquidity has been plateauing/shrinking by the Fed ➜ liquidity not able to reach all aspects of crypto, especially altcoinsplateauing / shrinking liquidityfor "tide to lift all boats" scenario where everything pumps regardless of quality or rationale, we need liquidity events (eg 2008 GFC, 2020 COVID)else it's selective diversion of liquidit...
Macro Framework for Liquidity
Basic Intuitioncrypto, much like tech or meme stocks, attract the last tranche of liquid capital. After bonds, stocks and private creditsince COVID, liquidity has been plateauing/shrinking by the Fed ➜ liquidity not able to reach all aspects of crypto, especially altcoinsplateauing / shrinking liquidityfor "tide to lift all boats" scenario where everything pumps regardless of quality or rationale, we need liquidity events (eg 2008 GFC, 2020 COVID)else it's selective diversion of liquidit...
