Bitcoin Price Plunge: Analyst Warns Of Looming Liquidity Crisis Amid ETF Hopes
Bitcoin (BTC) has recently sent a cautionary signal to cryptocurrency investors, with Bloomberg Intelligence’s senior macro strategist, Mike McGlone, issuing a stark warning amid the renewed hopes for exchange-traded funds (ETFs). Despite the BTC’s resilience, McGlone suggests that its recent price decline could foreshadow an impending liquidity crisis, especially in a financial landscape characterized by […]
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Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of a looming consumer recession and more earnings trouble. He cited falling U.S. personal savings and record-setting revolving credit card debt despite trillions of dollars in stimulus money.
Michael Burry’s Recession Warning
Famous investor and founder of investment firm Scion Asset Management, Michael Burry, warned on Friday about a looming consumer recession and more earnings trouble ahead.
He is best known for being the first investor to foresee and profit from the....
A coming liquidity crisis in legacy markets could have negative impact on bitcoin price.
Financial incumbents may face a harsh reality soon, as a commercial real estate crisis has threatened the profits from America’s largest banks. A number of reports show that banks with a large amount of commercial real estate in their portfolios may see a significant fallout in the next few months. Just recently PWC’s real estate practice published a report called “The 2021 Emerging Trends,” which shows city ranks have changed a great deal since the coronavirus outbreak. For instance, for a number of years, the city of Seattle was a top ten city for real-estate....
A piece of excerpt allegedly taken from a JPMorgan & Chase’s report is warning its clients about a potential “liquidity shock” in the Bitcoin market. The extract praises the cryptocurrency industry for improving its on-screen liquidity better than traditional asset classes on a relative basis. Nevertheless, it simultaneously warns about how most such liquidity provisions […]