The Wolf Of All Streets Crypto Flood Incoming: Bitcoin Inflows Break Records! | Macro Monday
Apr 28, 2025
Mike McGlone, Senior Macro Strategist for Bloomberg, and Larry Lepard, Managing Partner at Equity Management Associates, dive into the current macroeconomic challenges. They discuss the conflicting sentiments in the stock market versus Bitcoin, emphasizing Bitcoin’s resilience. Historical lessons from Japan's market collapse shape their cautionary outlook on liquidity. The conversation also explores the potential impacts of Federal Reserve policies on investment strategies, with insights into gold and tech advancements paving the way for future market shifts.
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Stock Market Overoptimism Warning
- The stock market is overly optimistic and unaware of looming economic troubles due to tariffs and real economic weakness.
- Larry Lepard predicts a stock market drop below 5,700 and possibly take out April lows within 30-45 days.
Liquidity Ends Asset Correlation
- Liquidity has been historically unprecedented and caused correlation across assets, including Bitcoin with stocks.
- Now, with the liquidity flow ending, Bitcoin and gold are expected to decouple from typical risk assets.
Bitcoin Catching Up to Gold
- Bitcoin is catching up to gold after gold's earlier surge signaling inflation and debasement.
- Larry Lepard is very constructive on Bitcoin, expecting it could reach $140K this summer.