Debt Refinancing to Drive Global Liquidity Surge, Crypto Assets to Follow M2 Rise
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September 15, 2024
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MN Trading Founder Michael van de Poppe: "Global liquidity is about to surge, driven by debt refinancing, which could trigger the next Bitcoin bull run. Crypto assets and commodities remain "severely undervalued." Commodities were last valued at similar levels in 2000 and 1971. Commodities are likely entering a 10-year bull market. I expect significant upside potential for both asset classes."
Global Macro Investor founder and CEO Raoul Pal: "Major economies will be forced to refinance their debt, which will drive global liquidity through the roof in the US, Japan, China, and Europe: "As global liquidity increases, crypto will go up, other markets like the Nasdaq will go up, and global M2 starts to go up." A portion of this growing global liquidity could flow into Bitcoin, leading to the next leg up in the 2024 cycle, as Bitcoin price is highly correlated with M2 money supply."
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