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Bitcoin Price Left Behind? Record Global M2 Could Put BTC on a Launchpad
Published Source: Bitcoin.com NewsRead original
Crypto Insight Summary: The world’s money supply has reached a record milestone this week and at the same time, bitcoin’s price spiked 21% higher over the last seven days. Some believe bitcoin might be playing catch-up and moving toward the massive liquidity parked inside the modern financial system. Global M2 Blows Through Record Territory Just like the global […] Crypto Insight Analysis: Direction: Bullish BTC Impact: Major Impact Horizon: Mid-term (1-8 weeks) Reasoning: Record global liquidity could drive BTC price as investors seek inflation hedges.