Michael Howell, representing CrossBorder Capital, identifies Bitcoin as the most liquidity-sensitive asset currently available. He suggests that investors should maintain a portfolio containing both gold and Bitcoin, adjusting the weight of the cryptocurrency based on its volatility.
The analyst proposes a strategy where the allocation to Bitcoin increases as institutional adoption grows, potentially reaching a 50/50 split with gold in the future. Howell also highlights the $70 000 price level as a significant support point for the asset.
Howell discusses the broader economic landscape, noting that governments are likely to increase money printing to address debt maturity issues. He points to potential Federal Reserve policies under Kevin Warsh as a factor that could influence future liquidity levels and act as a catalyst for Bitcoin.
