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Analysts Disagree: Will the Global M2 Money Supply Become the Key Driver for Continued BTC Price Increase?
Global money supply continues to rise to historical highs, which is usually a bullish signal for the Bitcoin market. However, analysts are divided on whether the record money supply will drive Bitcoin prices up, sparking heated discussions in the market about cryptocurrency trends.
Lark Davis's X tweet | Source: X
According to crypto analyst Lark Davis, citing an official article from (Global Market Investors), the US M2 money supply grew by 4.5% year-on-year in May, reaching a record $21.94 trillion. At this trend, the US M2 money supply is expected to exceed $22 trillion in July. If this growth rate continues, it could double within a decade.
Lark Davis's X tweet | Source: X
According to crypto analyst Lark Davis, citing an official article from (Global Market Investors), the US M2 money supply grew by 4.5% year-on-year in May, reaching a record $21.94 trillion. At this trend, the US M2 money supply is expected to exceed $22 trillion in July. If this growth rate continues, it could double within a decade.
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