Anthony Pompliano

The global assets are $800 trillion.

Most of that is illiquid.

The liquid part, the stocks, the bonds, okay, they're both down this month.

This will be the worst month for a 60-40 portfolio since 2022.

That includes liberation month last year.

So that's because it didn't stay down that long.

This will be a bad month for people in their portfolios.

What are they going to do?

What are they going to look to?

Well, Bitcoin during the month is going to hang in there.

And if all of a sudden you look back at the end of the year, and this is the reason why, I think there's going to be a flood of money into liquid items

that are growth.

And if you want to perform and you're a pension fund or an endowment, they need to make money.

Like, I don't think people realize that having been both at Morgan Stanley and then at a hedge fund where I talked to these investors,

they have to meet their liabilities.

That's why the endowments needed to raise cash.

They needed liquidity.

So I think the liquidity part of the argument is becoming a story that is very, very important.

And the same thing goes for hedge funds.

If they're levered significantly,