🟩 In a new video analysis, Michaël van de Poppe explores the impact of global liquidity on Bitcoin prices, emphasizing that understanding liquidity is crucial for understanding price movements.
🟩 According to the analyst, the M2 money supply is a more accurate gauge of value than the U.S. dollar. Historically, stagnation in the money supply has always coincided with bear markets for Bitcoin.
🟩 Despite this, a recession could act as a catalyst for cryptocurrency growth as central banks increase liquidity. Van de Poppe forecasts Bitcoin to reach $192,000 by the end of the year and potentially hit $300,000-$600,000 in future cycles. However, he cautions investors to carefully assess risks before making investments.