The Global Liquidity Cycle

In the cycle, which coincides with a Bitcoin farming cycle is the global liquidity cycle. And that's the central banks creating liquidity for the markets and for the economies. So what they tend to do is if the economy gets too hot, they tend to raise rates,. They withdraw liquidity from the markets, take away QE. We've seen this several times before and what happens is asset prices come down because they need stimulus. Once you take asset prices down, what happens is the economy starts headed towards a recession or goes into recession and the monetary easing comes back again. That was very clear in my interview with Arthur Hayes, a brilliant interview and well worth your time watching.