Did news headlines really push Bitcoin
$BTC up over the past two years? ๐ค
Not really, says macro guru Raoul Pal โ and heโs got receipts.
๐ According to Pal, a whopping 89% of Bitcoinโs
$BTC price action can be explained by one simple thing:
๐ Global Liquidity (M2 money supply).
Yep, itโs not just hype or ETF news โ itโs trillions of dollars flooding the system. As governments kept printing cash, BTC
$BTC followed the money. Thatโs why Pal calls all the rest of the headlines just โnoise.โ
๐ง TL;DR:
Bitcoin = rising with global money printing ๐ธ
89% of BTCโs price moves = tied to liquidity
Bitcoin is debasing the dollar, not the other way around
โBTC is the new bonds,โ says Pompliano ๐ฅ
Even with recent volatility (BTC dropped to $103K on Mideast tensions), the macro trend is solid.
๐ If you believe in the big picture, keep stacking those sats.
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