Global liquidity expert Michael Howell says inflation could remain high for the next 20 to 30 years. Howell, the CEO of CrossBorder Capital, argues that rising government debt and loose monetary policy will keep inflation elevated for a long period. His comments were highlighted in a recent BlockBeats report.
Howell points to U.S. data from the Congressional Budget Office to support his view. Federal debt has increased from about $5.6 trillion in 2000 to more than $35 trillion in 2025. He says this growth weakens the value of the dollar and strengthens the case for assets that protect against inflation.
Gold has risen from around $280 per ounce in 2000 to more than $4,000 in recent trading. The S&P 500 has grown less than fivefold during the same period. Howell says this shows how hard assets like gold and Bitcoin have stronger long-term protection against currency decline.
On Bitcoin, Howell says he does not see strong evidence for a strict “four-year cycle.” Instead, he says the halving events—which cut new supply—play a more important role. He advises investors to adjust their holdings based on volatility while keeping a long-term focus on supply trends.
Howell recommends a core strategy built around Bitcoin, gold, and stocks from companies with strong pricing power. He also cites high-quality real estate as a hedge. He says investors can reduce risk by trimming Bitcoin exposure during periods of market euphoria.
His comments come as U.S. deficits reach $1.8 trillion, inflation stays above 2.5%, and Bitcoin trades near $95,000 after the latest halving. Howell says global liquidity indicators suggest central banks may ease conditions again, which could support Bitcoin and other inflation-hedging assets.
The BlockBeats report helped spread Howell’s message, reinforcing his reputation as a leading voice on global liquidity trends.
