Chinese Liquidity Cycle and Bitcoin

The conversation with Darius Dale focuses on the global liquidity cycle, particularly in China and Japan. The discussion highlights the importance of understanding the liquidity cycles of these countries as they are major contributors to the global liquidity proxy. In relation to China, the liquidity cycle is closely linked to the Chinese stock market and the price of Bitcoin. The recent data indicates a decline in liquidity, which is unlikely to be reversed in the near term due to the disappointing growth recovery in China. While another wave of liquidity may come eventually, recent measures implemented by the Chinese government suggest that it may not happen for a few months.