"Use liquidity demand to identify the next breakout asset The speaker observed that pension funds and endowments are trapped in illiquid private equity and private credit, forcing them to seek liquid alternatives that still offer growth. He argues that "liquidity is becoming real-time" and that this structural demand will funnel capital into "items that trade 24/7 that are liquid and have a growth component." His conclusion: "once the equity market finds a level where the multiples are just too cheap... Bitcoin will again be the fastest horse of the race." When evaluating any investment, asking 'how liquid is this in a crisis?' is now as important as asking about returns. Source: Anonymous Guest Speaker, The Pomp Podcast, Market Macro & Bitcoin Discussion"