Raoul Pal Predicts Significant Bitcoin (BTC) Surge Linked to Increasing Global Liquidity

  • Bitcoin’s correlation with global M2 money supply highlights significant potential for price increase.
  • Analysts predict a robust upward movement for Bitcoin in October, potentially driven by a forthcoming interest rate cut from the U.S. Federal Reserve.
  • Raoul Pal of Global Macro Investor underscores the impact of macroeconomic variables on Bitcoin’s future trajectory.

Explore the anticipated Bitcoin price surge driven by macroeconomic factors and global liquidity trends in our latest analysis.

Bitcoin’s Correlation with Global Liquidity

Raoul Pal, CEO of Global Macro Investor, has drawn attention to the relationship between Bitcoin and the global M2 money supply, suggesting a potential price surge for the cryptocurrency. As leading global economies face the necessity to refinance their debts, this could lead to an increase in global liquidity, significantly influencing Bitcoin’s market value. Pal asserts that as global liquidity escalates, it may boost not only cryptocurrencies but also markets like Nasdaq.

The Federal Reserve’s Upcoming Decision

Many analysts forecast a strong bullish trend for Bitcoin in October, driven by anticipated macroeconomic shifts. A pivotal influence is the upcoming U.S. Federal Reserve’s meeting on September 18, where a potential interest rate cut could be announced. Such a decision is expected to inject further momentum into Bitcoin’s price, capitalizing on increased global liquidity.

Macro Factors Favoring Bitcoin

Raoul Pal emphasizes that rising global liquidity, driven by refinancing needs in major economies like the U.S., Japan, China, and Europe, is poised to benefit Bitcoin. In a video shared on social media platform X, Pal explained, “As global liquidity increases, cryptocurrencies and other markets such as Nasdaq will also see a rise. The global M2 money supply has started to climb.” Given Bitcoin’s strong correlation with M2 money supply, increased liquidity could channel significant capital into Bitcoin, fostering another bull run in the 2024 cycle.

Historical Correlation and Future Outlook

Data highlighting the close relationship between Bitcoin’s price and the global M2 money supply further supports Pal’s analysis. Historical trends indicate that Bitcoin prices often rise alongside increased global liquidity. As more economies adjust their financial strategies, the influx in circulating money supply could potentially drive Bitcoin prices even higher.

Conclusion

Analyzing the ongoing macroeconomic developments, Bitcoin appears positioned for a substantial price increase, supported by rising global liquidity and strategic financial policies from major economies. Raoul Pal’s insights offer a compelling viewpoint on how these factors are likely to converge in the next market cycle, providing a promising outlook for Bitcoin investors.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

FTX Nears Bankruptcy Reorganization Completion, Set to Begin Creditor Compensation in Early 2025

COINOTAG News reports on November 22 that FTX Trading...

Cboe Files for 4 Solana Spot ETFs with SEC: What This Means for Investors

On November 22, COINOTAG reported insightful commentary from Bloomberg's...

21Shares Files for Solana ETF with CBOE: $SOL Price Hits $254.47

21Shares Submits Solana ETF Filing to CBOE --------------- 💰Coin: Solana ( $SOL...

Tornado Cash Founder Alexey Pertsev’s Detention Extended Despite Ongoing Appeals

Tornado Cash Founder Alexey Pertsev's Detention Extended Despite Appeal...

Chris Giancarlo, the ‘Crypto Dad’, Emerges as Top Contender for SEC Chairman to Boost the $3 Trillion Digital Asset Market

On November 22, COINOTAG News reported that Chris Giancarlo,...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img