The post Raoul Pal Predicts Significant Bitcoin (BTC) Surge Linked to Increasing Global Liquidity appeared on BitcoinEthereumNews.com.

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…

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Filed under: News - @ September 17, 2024 4:27 pm