Bitcoin Bull Run in Sight? Experts Predict a Surge in Global Liquidity

On September 15th, Cointelegraph reported that MN Trading founder, Michael van de Poppe, believes a "global liquidity surge is coming, potentially sparking the next Bitcoin bull run, fueled by debt refinancing." He adds that "crypto and commodities remain "extremely undervalued," with commodities last at similar valuations in 2000 and 1971. Commodities are likely to enter a 10-year bull market. I expect both asset classes to have significant upside."

Raoul Pal, founder and CEO of Global Macro Investor, agrees, stating that "major economies will be forced to refinance their debt, which will drive global liquidity through the roof in the US, Japan, China, and Europe." He adds that "as global liquidity increases, crypto will go up, other markets like the Nasdaq will go up, and global M2 will start going up." A portion of this increasing global liquidity could flow into Bitcoin, leading to the next leg up in the 2024 cycle, as Bitcoin price has historically been highly correlated with M2 money supply.