Lawrence Lepard Calls Bitcoin A ‘Liquidity Smoke Alarm,’ Explains Why It’s Lagging Despite M2 Growth

Veteran investor and author Lawrence Lepard described Bitcoin (BTC) as a “liquidity smoke alarm” that’s more sensitive to short-term liquidity conditions than long-term currency debasement, as opposed to gold, which he described as “pure debasement insurance.”Lepard said on the Honest Money podcast …