Rising M2 money supply will see crypto become ‘Super Massive Black Hole’: Raoul Pal

Buddys X post highlighted the connection in between the increasing fiat market supply and the start of the crypto bull run.Pal, in an X (previously Twitter) post, shared a chart comparing Bitcoins (BTC) yearly performance against the global M2 money supply, showing the synchronised rise of Bitcoin and international M2 supply. Historically, the Bitcoin and cryptocurrency markets have actually started exceeding the conventional financial markets with a rise in global M2 supply.Bitcoin vs. worldwide M2 supply. Source: Global Macro InvestorThe chart above shows that Bitcoins rate is on the verge of decoupling from the traditional market with an increasing M2 supply, which has actually been the case traditionally, as apparent from the spike in BTCs performance in 2021, 2017 and 2014.

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