Liquidity Boost Ahead for Bitcoin?

21/10/2024

While the community holds its breath over a potential Trump win in November, global liquidity is gearing up for a boost - regardless of who steps into the White House.

Believe it or not, Bitcoin, the hardest asset in the world will welcome both with open arms.

The Committee for a Responsible Federal Budget has estimated the federal deficit impact for both parties.

With record debt levels, rising interest costs, and major trust funds nearing insolvency, the next administration will have no choice but to turn ON the beloved printing machine once again.

While the ECB cut interest rates last week, there's more good news from the West.

Commercial banks continue to increase their securities holdings, and the latest Federal Reserve Bank credit report shows a significant positive RoC.

It seems like the Fed is ready to play Santa in Q4, shifting the financial supertanker into easy mode and offering early Christmas gifts for the patient ones.

As for the data, our Liquidity Index saw a stable week with a $0.242 billion increase (+0.190%). The RoC metric remains positive.