Bitcoin and the Liquidity Question: More Complex Than It Seems

On March 15, 2020, the U.S. Federal Reserve slashed its benchmark interest rate by 100 basis points to almost zero and committed to boosting its bond holdings by at least $700 billion. The global economy staggered and then limped, but markets soared. It also unleashed a wave of armchair virologists on Twitter to keep us up to date with every minutia of the COVID threat.