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Lyn Alden: Bitcoin's Next Bull Run + 2023 Macro Outlook

Coin Stories

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The Liquidity Problem in the Treasure Market

As economic indicators slowed down, as the market started to get less hawkish about what they thought the Fed was going to do, that took the edge off the dollar. The two main components of domestic liquidity are the Fed's balance sheet and the treasury general account. Partly in the past quarter, you've had the Fed still draining liquidity, but they're quantitative tightening. That could happen for a few more months until the treasurygeneral account runs out.

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