The growing global M2 money supply could trigger a sharp rise in bitcoin, but analysts warn against betting everything on this emerging signal.
"This is not a market that is betting all its money on a quick correction, but our core forecast remains that the market will remain strong in March and beyond," said Pav Hundal, principal analyst at cryptocurrency exchange Swyftx.
Moreover, according to Bravo Research, the US money supply has doubled in just 10 years and "this surge in liquidity could fuel Bitcoin's parabolic rise".
Opinion: Growing global M2 money supply could trigger a sharp rise in bitcoin
2025-02-26 06:35:28
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