Opinion: The growing global M2 money supply may trigger a sharp rise in Bitcoin
On February 26, it was reported that the growing global M2 money supply may trigger a sharp rise in Bitcoin, but analysts warned not to bet everything on this emerging signal. Pav Hundal, chief analyst at cryptocurrency trading platform Swyftx, said,"This is not a market where all our money is betting on rapid adjustment, but our core forecast remains that the market will remain strong in March and beyond." In addition, Bravo Research said that the U.S. money supply has doubled in just 10 years, and "this surge in liquidity may fuel a parabolic rise in Bitcoin."
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