Why liquidity matters more than narrative - Fofty on macro and crypto

Insilico Terminal Podcast · Jan 29, 2026 · 1h 8m

In this episode, Fofty shares his unconventional path into markets - from the euro crisis and the Wirecard collapse to crypto mining, ICOs, and eventually macro-driven trading across options, perps, and traditional markets. We explore how event-driven thinking, convexity, and seasonality shape his approach, why options offer a better way to express macro views, and how liquidity - not narratives - ultimately drives markets. The conversation dives deep into misunderstood macro dynamics, government liquidity hacks, Bitcoin’s struggle with credibility, CT culture, and why constant scamming…