Global Liquidity Has Peaked: What Happens to Bitcoin? | Michael Howell

“Cycles have no respect for trends.” Michael Howell is on the show to explain why global liquidity, not Bitcoin’s four-year cycle, is the force driving Bitcoin, gold and global markets. Michael argues that the liquidity cycle has already peaked and may not bottom until the second half of 2027. He warns that tighter liquidity could create further downside before the next major monetary expansion begins. We get into the five-to-six-year debt refinancing cycle, why central banks are ultimately forced to keep supplying liquidity, China’s influence on the gold market, the growing debt maturity wall, and why the “great debasement” of Western currencies may still lie ahead. FOLLOW: Danny Knowles: https://x.com/_DannyKnowles or https://primal.net/danny Michael Howell: https://substack.com/@capitalwars THANKS TO OUR SPONSORS: LEDN: https://learn.ledn.io/wbd BITKEY: https://bitkey.world/wbd ANCHORWATCH: https://www.anchorwatch.com/ BLOCKWARE: https://www.blockwaresolutions.com/wbd/ SWAN: https://www.swan.com/wbd CAPE: https://www.cape.co/wbd SUBSCRIBE TO THE PODCAST: FOUNTAIN: https://fountain.fm/show/gpascDml6iI0... SPOTIFY: https://open.spotify.com/show/18Pixm6... APPLE PODCASTS: https://podcasts.apple.com/gb/podcast... WEBSITE: https://www.whatbitcoindid.com/ CHAPTERS: 00:00:00 - Introduction 00:01:00 - Why Liquidity Moves Markets 00:05:45 - What Economists Get Wrong About Markets 00:16:42 - Bitcoin, Gold and the Everything Bubble 00:25:55 - What Liquidity Is Signalling for Bitcoin 00:38:51 - Why Strong Economic Growth Can Hurt Markets 00:45:36 - The Market Sets Rates, Not the Fed 00:50:24 - How the Next Financial Crisis Begins 00:59:06 - Why Governments Must Inflate the Debt Away #Bitcoin #Finance #Money #Economics #bitkeypartner