Michael Howell, founder of CrossBorder Capital and a finance guru, sees the overall hope for liquidity-bearing assets such as crypto, stocks, or gold because global liquidity gradually increases.
While the Fed’s balance is set to decrease, he questions a 12-15% increase in liquidity from positions like BTFP and Reverse Repo. This trend is likely to persist, possibly pushing liquidity even further.
But the slowdown in issuance by the US Treasury has stabilized private sector demand for government paper, suggesting that a turn from “rebound” to ‘cooldown is on track at global markets.
This change works toward high-beta investments and the financial sector, including crypto which Howell considers an inflation hedge and one of the primary choices for young investors.
CBC also anticipates the US bond yields to come up in a situation that could see Fed policy rates go down and its economy will avoid a recession
The 24-hour trading volume of the cryptocurrency market soared by a spectacular figure:13.25%, while the overall global cap decreased in value to -4,89%.
This FCA-regulated London firm was established by Howell in 1996, focusing on the management of around $1 billion with an emphasis on asset allocation.