The global M2 money supply continues to grow, which may trigger a significant rise in Bitcoin
ChainCatcher news, the continuous growth of the global M2 money supply may trigger a significant rise in Bitcoin, but analysts warn against betting everything on this emerging signal.
Pav Hundal, chief analyst at cryptocurrency trading platform Swyftx, told Cointelegraph: "This is not a market to bet all your funds on a quick adjustment, but our core prediction remains that the market will stay strong in March and beyond."
Additionally, Bravo Research states that the U.S. money supply has doubled in just 10 years, "this surge in liquidity could fuel a parabolic rise in Bitcoin."
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