Opinion: The growing global M2 money supply may trigger a sharp rise in Bitcoin
On February 26th, it was reported that the continuous growth of global M2 money supply may trigger a significant increase in Bitcoin, but analysts warn not to bet everything on this new signal.
Pav Hundal, Chief Analyst at the cryptocurrency trading platform Swyftx, said, "This is not a market to bet all funds on quick adjustments, but our core forecast remains that the market will remain strong from March onwards."
In addition, Bravo Research stated that the US money supply has doubled in just 10 years, "this surge in liquidity may fuel Bitcoin's parabolic rise".
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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