Yes, but that requires selling bitcoin
Any regular person can tell you that the economy is shit. Only rich people think things are great.
You can't pay debt with bitcoin, and there is a lot of debt floating around. Debt that has to be paid back in US dollars.
The global liquidity argument is so fucking stupid. Banks are increasing global liquidity because they're worried about a recession. Some places, like China, are dealing with deflation, which is bearish for bitcoin. And liquidity doesn't mean shit if there is a liquidity trap.
And the US is actually draining liquidity. Rates have stopped coming down, and the fed is doing QT. These bitcoiners make no fucking sense.
They say the government is causing inflation, but inflation has come down. It's like they live in a different reality.
Bond yields are rising because nobody wants to buy long duration bonds. And nobody wants to buy long duration bonds because rates are not coming down.
People should be worried about rates, not inflation. Inflation has come down, but rates are never coming down. That's the problem.
Alrighty then, picture this, if you will.
10 to 2 a.m., X, Yogi DMT and a box of Krispy Kremes, in my need-to-know post just outside of Area 51. Contemplating the whole "Chosen People" thingy, when just a flaming stealth banana split the sky, like one would hope, but never really expect to see in a place like this.
Cutting right angle donuts on a dime and stopping right on my Birkenstocks, and me yelping, "Holy fucking shit!"
Bond yields keep rising, the dollar keeps going up, and inflation isn't coming down. This is bearish. Low rates boosts asset prices, and high rates have the opposite effect. Rates will stay higher for longer.