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Bitcoin as Global M2 is Goes Parabolic: Is BTC Ready to Explode?
A stunning correlation has emerged between Bitcoin's price action and the global M2 money supply, suggesting that the cryptocurrency is poised to experience a significant surge in value.
The M2 money supply, which measures the total amount of money in circulation, has been steadily increasing over the past decade, with the global M2 supply reaching an all-time high in recent months. This trend has been mirrored in Bitcoin's price action, which has been steadily rising since the start of the year.
The correlation between the two metrics has been highlighted by cryptocurrency analyst and trader, Alex Krüger, who plotted the global M2 money supply against Bitcoin's price action. The resulting graph shows a clear parabolic trend, with Bitcoin's price increasing exponentially as the global M2 supply continues to rise.
"This is a very strong correlation," Krüger said in an interview. "When the global M2 supply is going parabolic, it's a sign that the money supply is growing very rapidly, and that's typically a sign that asset prices are going to rise."
The implications of this correlation are significant, as it suggests that Bitcoin's price is likely to continue rising as the global M2 supply continues to grow. This could have major implications for investors, who may be looking to get in on the ground floor of a potential Bitcoin price explosion.
While some may be skeptical of the correlation, it is worth noting that the global M2 supply has been steadily increasing over the past decade, with the global economy experiencing rapid growth and expansion. This has led to an increase in the money supply, which has been reflected in the rising value of assets such as Bitcoin.
In conclusion, the correlation between Bitcoin's price action and the global M2 money supply is a strong indicator that the cryptocurrency is poised to experience a significant surge in value. As the global M2 supply continues to rise, investors may want to consider getting in on the ground floor of a potential Bitcoin price explosion.