Michael Howell says Bitcoin is the most liquidity-sensitive asset and recommends a volatility-weighted basket with Bitcoin reaching 50% share

Michael Howell identifies Bitcoin as the most liquidity-sensitive asset globally, recommending a basket weighted by volatility where Bitcoin's share could grow to 50% as it becomes more institutional. He flags $70,000 as key support and argues the Federal Reserve under Kevin Warsh may withhold liquidity to prevent a slump.