Pray, allow me to introduce the estimable Mr. Raoul Pal, erstwhile gentleman of Goldman Sachs, whose latest prognostication is that the curious contraption known as Bitcoin shall, like a spirited suitor, ascend most gallantly in the months forthcoming, all owing to the tender weakening of the American dollar.
Mr. Pal, addressing his considerable assembly of 1.1 million admirers upon the social forum called X, hath declared that those in power shall, with no small measure of deliberation, engage in the debasement of the dollar. This, he insists, is to soften the burden of their monetary obligations, for who delights in debts unpaid?
Verily, this subterfuge in currency will fashion a mighty torrent of global money, to the benefit of bold risk assets — Bitcoin and its cryptic kin chief among them.
“All persons of consequence desire a weaker dollar to service their dollar debts,” quoth Mr. Pal, “Though none wish the change to be too swift — lest their cherished values come undone — yet, over the span of twelve moons, they require it to dwindle. This, dear reader, is the purest of global liquidity; the grand conductor of the M2 orchestra. Even the US is well aware, weaving this stratagem finely into their delicate parleys with the formidable China.”
In championing his bullish regard for Bitcoin, the sagacious macro guru reveals an 87% kinship twixt total global liquidity and Bitcoin’s fortunes. He further conjures the memory of the year 2020, when currency debasement propelled Bitcoin to a veritable dance of delight.
“Reflect upon the year 2020. A recession paired with swelling liquidity did usher a more robust Bitcoin.”
To court conviction, Mr. Pal unfurls a chart demonstrating how Bitcoin often mirrors the capricious rise and fall of global liquidity, with the latter trumpeting its changes a dozen weeks hence.
“Perchance, just perchance, the answer lay plainly before us, wrapped not in enigma but simplicity.”
“Should this thesis hold true, it shall irrefutably proclaim liquidity as THE sovereign influence o’er markets. Not tariffs, nor politics, nor rates, nor any other siren’s call you might fancy.”
At this juncture, dear reader, Bitcoin trades hands at the extravagant sum of $93,570, whilst the American national debt looms at a staggering $36.214 trillion — a number that surely would cause one to clutch one’s bonnet in disbelief.
💸📉💰 Oh, what a merry waltz the markets perform, where dollars dwindle and Bitcoin pirouettes with unrestrained glee! 🕺💃
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2025-04-23 15:05