Cross-Asset Liquidity Strategist, CrossBorder Capital

Michael J. Howell

CrossBorder Capital an investment advisory firm specialising in macro-investing. Founded in 1996 with an international client base, CrossBorder focuses on monitoring and understanding global liquidity and capital flows. Our proprietary databases (available to clients) cover 80 countries in depth from 1980 onwards. We take a systematic quantitative methodology that uses this data with AI models to predict financial market movements. The efficacy of our data has been independently verified, and we have an associated but separate asset management division.

Cross-Asset Liquidity Strategist

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CrossBorder Capital

CrossBorder Capital is a London-based independent investment advisory firm. Founded in 1996, it exploits a gap in the investment arena by focusing on Central bank liquidity. 

It specialises in the monitoring and analysis of global liquidity flows - an important determinant of asset prices, from currencies through to bonds, equities and real estate.

CrossBorder Capital implements its investment strategy and currently manages over US$ 350m.


Cross Asset Strategy

Multiple Countries / Cross Asset Strategy

<ul>
<li>High street inflation has two components: monetary inflation and cost inflation
</li>
<li>Gold price is sensitive to monetary inflation and it is trading well-below its ‘liquidity-based’ fair-value</li>
<li>Existence of Bitcoin as a rival monetary inflation hedge has lopped-off US$158/oz from gold’s ‘fair-value’</li>
<li>Gold price ‘fair value’ assuming unchanged Bitcoin is US$2527/oz</li>
<li>But on same basis, Bitcoin’s liquidity-based fair-value assuming no change in gold price, is a staggering US$341250/coin</li>
</ul>


High street inflation has two components: monetary inflation and cost inflation

Gold price is sensitive to monetary inflation and it is trading well-below its ‘liquidity-based’ fair-value
Existence of Bitcoin as a rival monetary inflation hedge has lopped-off US$158/oz from gold’s ‘fair-value’
Gold price ‘fair value’ assuming unchanged Bitcoin is US$2527/oz
But on same basis, Bitcoin’s liquidity-based fair-value assuming no change in gold price, is a staggering US$341250/coin


Bitcoin US$341,250? This Is Not a Forecast….Well Not Yet!