Get advanced Bitcoin education here:https://www.bitcoinuniversity.com/In this video, I argue that Bitcoin's relatively weak price performance in 2024 can be attributed to it being an advanced liquidity indicator that has been sniffing out excessive Fed tightness. That tightness is now showing up as real damage to the economy.Fleeing into a "safe haven" like US Treasuries makes little sense, given the Fed money printing that is going to be necessary if we enter a recession in the US.Bitcoin is the real safe haven, free from both counter-party risk and debasement risk. Expect Bitcoin to function more like a safe haven asset and "flight to quality" asset in the future, as more people figure this out. Not investment advice! Consult a financial advisor. US manufacturing contracting:https://www.barrons.com/livecoverage/stock-market-today-080124/card/u-s-manufacturing-activity-contracts-again-ism-shows-gHDMGIPHRbtqtOhLZNcUWeak job growth:https://www.cnbc.com/2024/08/02/job-growth-totals-114000-in-july-much-less-than-expected-as-unemployment-rate-rises-to-4point3percent.htmlLarge stock market sell-off:https://twitter.com/JacobKinge/status/1819378778457375142Fed funds probabilities:https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.htmlOther central banks cutting rates already:https://www.cnbc.com/2024/08/01/live-updates-bank-of-england-interest-rate-august.htmlhttps://www.reuters.com/markets/rates-bonds/bank-canada-cuts-rates-again-frets-about-low-growth-2024-07-24/Fed funds historical chart:https://fred.stlouisfed.org/series/FEDFUNDSFed's balance sheet:https://fred.stlouisfed.org/series/WALCLUS debt clock:https://www.usdebtclock.org/US debt/GDP historical chart:https://fred.stlouisfed.org/series/GFDEGDQ188SI am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals. #Bitcoin #Fed #recession Disclaimer Neither Matthew Kratter's Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky....https://www.youtube.com/watch?v=8rrz0Nqqjow