M2 money supply ‘holds the key’ for Bitcoin’s next move — Market analyst
The growth of the money supply is historically correlated with previous Bitcoin price bull runs.
The growing money supply in the United States could be the key to unlocking more upward momentum for Bitcoin (BTC), according to market analysts and historical chart patterns.
The M2 money supply estimates all cash and short-term bank deposits across the United States, and its growth has historically been correlated with previous Bitcoin bull runs.
The growth of the money supply could hold the key for the next leg up for the Bitcoin cycle, according to Jamie Coutts, chief crypto analyst at Realvision, who wrote in a May 16 X post:
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Author: Zoltan Vardai
