The Milk Road Show
Michael Howell's Liquidity Framework: Why Bitcoin Is Winning & Will Keep Winning
Apr 30, 2025
Michael Howell, CEO of CrossBorder Capital, shares his keen insights on liquidity's role in Bitcoin's success. He argues that Bitcoin's rise isn't just about media hype but is fundamentally linked to global liquidity cycles. The discussion dives into the intricate relationship between debt, inflation, and asset attractiveness, particularly highlighting gold and Bitcoin as inflation hedges. Howell also examines how geopolitical factors influence investment strategies and speculates on Bitcoin's bright future in an evolving economic landscape.
42:05
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- The primary driver behind Bitcoin's current success is global liquidity cycles, which influence market trends and investor behavior.
- China's strategic liquidity injections and currency devaluation play crucial roles in shaping global economic conditions and Bitcoin's long-term outlook.
Deep dives
The Importance of Liquidity in Capital Markets
Liquidity is identified as the most significant factor influencing capital markets today. The global economy is increasingly debt-driven, where growth relies heavily on debt accumulation for capital and consumer spending. Debt must be refinanced within typical maturity terms of about five to six years, which significantly governs the global liquidity cycle. A stable debt liquidity ratio is essential for financial stability; as debt increases, liquidity must also rise, often leading to monetary inflation, making assets like gold and Bitcoin attractive investments.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
