Post #25127

Arthur Hayes has introduced his essay “This Is Fine” Bitcoin is the global fiat liquidity fire alarm. It is the most responsive freely traded asset to the fiat credit supply. The divergence recently between Bitcoin and the Nasdaq 100 Index (“Nasdaq”) sounds the alarm that a massive credit destruction event is nigh. Many investors perceive Bitcoin, because of its past correlation with US big tech stonks, as a leveraged play on the Nasdaq. Therefore, when they diverge in performance, it warrants further investigation into any trigger that could cause a destruction of fiat, but mostly dollar, credit, aka deflation! https://cryptohayes.substack.com/p/this-is-fine