Crypto Assets to Follow M2 Higher as Debt Refinancing to Drive Global Liquidity Surge
Michael van de Poppe, founder of MN Trading, said, “The impending surge in global liquidity, fueled by debt refinancing, could trigger the next Bitcoin bull market. Crypto and commodities are still “extremely undervalued,” with the last time commodities were valued at similar levels was in 2000 and 1971. Commodities are likely to enter a 10-year bull market. I expect both asset classes to have significant upside.”
Raoul Pal, Founder and CEO of Global Macro Investor, said, “Major economies will be forced to refinance their debt, which will drive a global liquidity breakout in the U.S., Japan, China, and Europe: ”As global liquidity increases, cryptocurrencies will rise, and Nasdaq and other other markets will also rise, and global M2 will begin to rise.” A portion of the growing global liquidity could make its way into Bitcoin, leading to the next rise in the 2024 cycle, as Bitcoin prices are highly correlated to the M2 money supply.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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