Luke Gromen: TGA is high because Treasury shifted from long-dated bonds to short-term bills → constant re-issuance/rollover pressure. Only real fix = major dollar devaluation
Jack Mallers: Liquidity has been extremely tight. Fed isn’t a fan of Trump, but big liquidity wave coming in 2026. Low liquidity + ongoing QT + holders selling into BTC IPO moment suppressed Bitcoin all year
Lyn Alden: Global liquidity is lower than normal. QT is ending soon
Liquidity will start rising again, but much more gradually than most people expect (no “QE bazooka”).
Larry Lepard: “Big print” / massive money printing is inevitable
Michael Burry: Just shut down his hedge fund (Scion) and returned capital to investors (mid-November 2025)
Mel Mattison: buy the dip you retard
