Michael Howell Describes Bitcoin as a Top Liquidity Asset in Interview

WHY IT MATTERS

Liquidity refers to how much money is available and flowing through the global financial system. Think of it like water levels in a river — when there is more water (money), boats (assets like stocks and crypto) tend to rise. Michael Howell argues that Bitcoin is especially responsive to these liquidity flows, more so than many other assets. For newcomers to crypto, this is a useful concept because it highlights how Bitcoin does not exist in isolation — its behavior can be influenced by big-picture economic forces like central bank policies and credit conditions. However, this is one researcher's framework, not a guaranteed rule.