# The Everything Bubble Is Over: Michael Howell’s Warning for 2026

Page: https://stenobird.com/podcast/the-bitcoin-layer-7070444/the-everything-bubble-is-over-michael-howell-s-warning-for-2026
Text version: https://stenobird.com/podcast/the-bitcoin-layer-7070444/the-everything-bubble-is-over-michael-howell-s-warning-for-2026.md
Podcast: [The Bitcoin Layer](https://stenobird.com/podcast/the-bitcoin-layer-7070444)
Published: 2026-04-01T00:00:00+00:00
Episode link: https://mysoundwise.com/soundcasts/1665708396190s
Audio file: https://cdn.simplecast.com/media/audio/transcoded/8ed6a33d-2ac9-4ae6-bdbb-334a1cbb3f52/93f29295-b98b-46ce-9822-223c512497e8/episodes/audio/group/e6a1949d-7711-477a-8cd5-3c353d3bd55f/group-item/fb22b38f-7c2e-491b-90b9-cab1ec08eeaa/128_default_tc.mp3?aid=rss_feed&feed=Y2219Riv
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JSON: https://stenobird.com/v1/public/podcasts/the-bitcoin-layer-7070444/episodes/the-everything-bubble-is-over-michael-howell-s-warning-for-2026
Duration seconds: 4084

## Resource

Nik welcomes back Michael Howell of CrossBorder Capital for an urgent breakdown of the global liquidity cycle. Michael explains why the cyclical top is in, how oil, the MOVE index, and the dollar have dealt a 20% blow to global liquidity, and why the everything bubble is over. They cover the $45 trillion debt maturity wall, China's monetization driving gold, Treasury QE replacing Fed QE, bank deregulation as a 2027 catalyst, private credit's illiquidity risk, and why Michael says don't trade bitcoin or gold, own them. The Bitcoin Layer and its guests do not provide investment advice.

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## Transcript

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