The global liquidity argument is so fucking stupid. Banks are increasing global liquidity because they're worried about a recession. Some places, like China, are dealing with deflation, which is bearish for bitcoin. And liquidity doesn't mean shit if there is a liquidity trap.

And the US is actually draining liquidity. Rates have stopped coming down, and the fed is doing QT. These bitcoiners make no fucking sense.

They say the government is causing inflation, but inflation has come down. It's like they live in a different reality.