Keep pulling the thread on Abu Dhabi.
The NASDAQ has a 97.5% correlation with total global liquidity.
The annualized growth rate of total global liquidity, which represents currency debasement, is 8%.
The accumulation of government debt in Western nations is a direct consequence of offsetting the negative economic impact of a declining working-age population.
The United States is projected to have $10 trillion of debt to roll over in the next 12 months.
The US government will need to create approximately $7 to $8 trillion in new liquidity to cover interest payments through the end of 2026.
In 2022, the US extended its debt maturity profile to five years, shifting the current business cycle from a four-year to a 5.4-year cycle.
The peak of the current liquidity cycle is now expected towards the end of 2026, not 2025, due to the extension of the debt maturity cycle.
Upcoming changes to the Supplementary Leverage Ratio (SLR) for banks are expected to enable an additional $3 to $4 trillion in credit creation.
Bitcoin's price has a 90% correlation with total global liquidity.
The total market capitalization of the crypto asset class is projected to reach $100 trillion by 2032-2034.
The growth of the crypto asset class to a projected $100 trillion market cap will represent the largest and fastest creation of wealth in economic history.
The final, most aggressive phase of the crypto bull market, the "banana zone," is expected in 2026, coinciding with the peak of the debt refinancing cycle.