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Bitcoin is 87% correlated to global liquidity. The NASDAQ is 97% correlated. Which tells you something most people never realise. These assets are not really trading on earnings, or news, or whatever the story of the week is. They’re tracking the amount of money in the system. Bitcoin just swings harder around that line, because on top of liquidity it is young, volatile, emotional, and still riding a network adoption curve. Sometimes it runs hot. Sometimes it runs cold. Right now it is running cold, so people think something is broken. Nothing is broken. It’s doing exactly what it always does. So here is the question. If these assets track liquidity this closely... what if t you could forecast liquidity itself? Well, actually, you can. As I lay out in my Everything Code framework, liquidity is driven by the debasement of currency, and debasement can be forecast years ahead, because the interest payments that drive it are already known today and they lead liquidity by around three years. Bonkers. If you want to go deeper on The Everything Code I put the whole thing together here... how debasement works, why it forecasts asset prices, and where the map says liquidity is heading next: https://t.co/u5knDhBo4b