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Rising M2 money supply will see crypto become ‘Super Massive Black Hole’: Raoul Pal

Published 10/31/2023, 05:23 AM
Updated 10/31/2023, 07:00 AM
BTC/USD
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The rising total money supply (M2) could propel crypto into another bull rally and help it outperform the traditional markets, according to Raoul Pal, co-founder and CEO of financial media platform Real Vision. Pal’s X post highlighted the correlation between the rising fiat market supply and the start of the crypto bull run.

Pal, in an X (formerly Twitter) post, shared a graph comparing Bitcoin’s (BTC) yearly performance against the global M2 money supply, indicating the simultaneous rise of Bitcoin and global M2 supply. Historically, the Bitcoin and cryptocurrency markets have started outperforming the traditional financial markets with a rise in global M2 supply.

Bitcoin vs. global M2 supply. Source: Global Macro Investor
Bitcoin/NDX vs. global M2 supply. Source: Global Macro Investor

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