Global Liquidity Experts: Bitcoin and Gold are the Preferred Core Assets to Tackle Long-term Currency Inflation

BlockBeats news, on November 25, global liquidity expert Michael Howell stated in his latest podcast that the trend of currency inflation— which has significantly impacted the market over the past decade—is expected to last at least another two to three decades. In this macro context, Bitcoin and gold become reasonable choices for investors to hedge against inflation. He suggested that when holding Bitcoin in a portfolio, adjustments should be made according to its volatility to optimize risk and return. Howell cited data from the U.S. Congressional Budget Office (CBO) indicating that from 2000 to 2025, the U.S. federal government debt stock increased tenfold, while the S&P 500 index rose by less than five times during the same period, and the price of gold increased twelvefold. This continuously expanding debt environment provides long-term value support for Bitcoin and gold. When discussing the Bitcoin market cycle, Howell mentioned that he did not find clear evidence of a “four-year cycle” in historical data, but observed the Bitcoin halving cycle, with the current trend showing that the cycle is gradually converging. He emphasized that investors should consider both long-term trends and cyclical fluctuations when building their crypto asset portfolios. In terms of investment strategy, Howell recommended that investors hold Bitcoin, gold, and high-quality assets that perform well during inflationary periods (such as high-quality residential real estate and stocks of quality companies with pricing power) as core holdings. Meanwhile, tactical operations can be set in the portfolio to moderately adjust risk and optimize returns when market cycles reach inflection points.