Bitcoin prices surpass $104,000, driven by rising global M2 levels. M2 includes broad money supply tracked across major economies. The CEO of Abra, Bill Barhydt, aligns the cryptocurrency’s appreciation with increased liquidity.
Figures like Julien Bittel, leveraging macro research, emphasize a 12-week M2 leading indicator, suggesting further Bitcoin rallies. Institutional investments, including GameStop's Bitcoin acquisitions, exemplify emerging trends.
“We’re going higher,” indicating further upside for Bitcoin as global M2 resumes sharp growth.
Bitcoin’s liquidity-driven appreciation impacts investor strategies globally, signaling increased asset interest. Institutions capitalize on the liquidity influx, strengthening Bitcoin’s market dominion.
The bullish outlook spin-offs into other cryptocurrencies, enhancing market engagement. The correlation between M2 growth and Bitcoin rallies underscores its predictive value in financial ecosystems.
Past cycles illustrate Bitcoin's tendency to rise before global M2 peaks. Historically, surges anticipated financial liquidity increases, validating Bitcoin’s foresight.
Given the current M2 trajectory, analysts predict continued Bitcoin momentum. Historical precedents support potential price amplification to $130,000, reinforced by corroborating financial projections.
| Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.