Bitcoin Set to Surge as Global Money Supply Increases
- Raoul Pal, former Goldman Sachs executive, predicts a rise in Bitcoin due to increasing global liquidity.
- Pal highlights a historical correlation between Bitcoin and the global money supply (M2) metric.
- He notes that Bitcoin is mirroring its 2017 price pattern related to M2 changes during Trump’s presidency.
- Bitcoin is expected to trade higher within a logarithmic regression channel, indicating long-term trend growth.
- The current Bitcoin price is $80,703, marking a 1.4% increase in the last 24 hours.
Raoul Pal suggests that easing financial conditions and rising M2 levels could lead to significant gains for Bitcoin, which is currently trading at $80,703 with a recent increase of 1.4%.
Source (2.6)https://dailyhodl.com/2025/03/11/bitcoin-and-crypto-about-to-be-boosted-by-global-money-supply-explosion-former-goldman-sachs-executive/?rand=59076
