_Global Money Supply Skyrockets, Bitcoin Next? ๐_
$BTC ๐โคด๏ธ๐ช
The global money supply, measured by M2, is experiencing explosive growth ๐. This surge in liquidity could have significant implications for the cryptocurrency market, particularly Bitcoin.
_Historic Correlation Between M2 and Bitcoin ๐_
In the past, there has been a notable correlation between the growth of the global money supply and the price of Bitcoin. As more money flows into the system, some of it tends to find its way into Bitcoin and other cryptocurrencies.
_Get Ready for Liftoff? ๐_
With the global M2 supply expanding at an unprecedented rate, it's possible that Bitcoin could be poised for a significant price increase. As investors seek assets that can store value and hedge against inflation, Bitcoin's appeal could grow.
_The Stage is Set for a Bitcoin Breakout ๐_
While past performance is not a guarantee of future results, the current trends suggest that Bitcoin could be on the cusp of a major move. As the global money supply continues to grow, it's essential to keep a close eye on Bitcoin's price action.