Crypto 349

06/15 18:19

Raoul Pal Identifies 89% Factor Driving Bitcoin's

Raoul Pal Identifies 89% Factor Driving Bitcoin's Rally

Renowned macro investor Raoul Pal has pinpointed a critical driver behind Bitcoin's recent surge, attributing 89% of the rally to a single factor: global liquidity.  Pal emphasizes that the expansion of global M2 money supply—a measure of total liquidity in circulation—is the primary catalyst propelling Bitcoin's price upward.  He notes a strong correlation between Bitcoin's performance and global liquidity, suggesting that as liquidity increases, so does Bitcoin's value.  

Pal's analysis indicates that Bitcoin's price trends typically follow global liquidity cycles with a lag of approximately 10 weeks.  He observes that during periods of increased liquidity, Bitcoin tends to experience significant gains.  This pattern aligns with historical data, where liquidity surges have preceded substantial rallies in Bitcoin's price.  

Furthermore, Pal highlights the current macroeconomic environment, characterized by a weakening US dollar and accommodative monetary policies from central banks, as conducive to increased liquidity.  He suggests that these conditions are likely to persist, providing a favorable backdrop for Bitcoin's continued ascent.  

In summary, Raoul Pal attributes 89% of Bitcoin's recent rally to the expansion of global liquidity, underscoring the importance of macroeconomic factors in influencing cryptocurrency markets.  His insights suggest that investors should closely monitor liquidity trends as indicators of Bitcoin's future performance.

#Check In Daily, Win Prizes Daily — Join the Fun!#Share Your Thoughts on Popular Assets in June#Claim1,200 USDT in the Monthly Creation Challenge

2Share