Gold or Bitcoin? Michael Howell says you need both. He calls Bitcoin “the most liquidity sensitive asset on the planet by far” and recommends a basket weighted by volatility, one where Bitcoin’s share grows as it becomes more institutional, possibly reaching 50/50 someday. He also flags $70K as key Bitcoin support and explains why Kevin Warsh’s Fed may keep liquidity from slumping.
Michael Howell: Bitcoin as the Apex Liquidity Asset
Gold or Bitcoin? Michael Howell says you need both. He calls Bitcoin “the most liquidity sensitive asset on the planet by far” and recommends a basket weighted by volatility, one where Bitcoin’s share grows as it becomes more…
Patrick Green
Publisher Bitcoin Magazine
Oct 20, 2026 at 12:33 PM UTC · 1 min read

Entities
bitcoin
Market Impact
BTC-4.12%$81,133
Last Updated
2 days ago
Chapters:
0:00 – Michael Howell on a “Gangbusters” Economy and Rising Bond Yields
1:18 – How the AI Trade and the Real Economy Are Crowding Out Markets
3:23 – What a Flattening Yield Curve Says About the Liquidity Cycle
4:38 – The Debt Maturity Wall and Why Governments Will Print Big Time
5:42 – From Fed QE to Treasury QE: How the U.S. Is Monetizing Its Debt
7:45 – China’s Bond Market, the Yuan and Why Beijing Has to Print
12:33 – Why Governments Can’t Cut Spending: Monetization Is the Name of the Game
14:25 – Gold vs. Bitcoin: Building a Monetary Inflation Hedge Basket
15:32 – Bitcoin vs. Equities in a Debt Monetization World
19:29 – Kevin Warsh, Money Market Liquidity and Bitcoin’s Next Catalyst
DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.
Follow the Story
- Oct 20Michael Howell: Bitcoin as the Apex Liquidity Asset
- Oct 22He Handed a ‘Bitcoin Investor’ Over $500K, Then FedExed $165K in Cash. Police Found the Suspect in Jail
- Oct 22CryptoQuant CEO calls rising Bitcoin hashrate ‘indirect bullish signal’ from institutions
- Oct 22Bitcoin Rally Failure Raises the Risk of a Deeper Crypto Pullback
- Oct 20Michael Howell: Bitcoin as the Apex Liquidity Asset
- Oct 22He Handed a ‘Bitcoin Investor’ Over $500K, Then FedExed $165K in Cash. Police Found the Suspect in Jail
- Oct 22CryptoQuant CEO calls rising Bitcoin hashrate ‘indirect bullish signal’ from institutions
- Oct 22Bitcoin Rally Failure Raises the Risk of a Deeper Crypto Pullback
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Originally reported by Bitcoin Magazine
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