Cryptocurrency Q&A
Is the M2 money supply turning positive a bullish signal for bitcoin?
Is the M2 money supply turning positive a bullish signal for bitcoin?
CryptoTitan
Tue Jul 16 2024
|
5 answers
841
In the current economic landscape, the M2 money supply has recently turned positive, sparking speculation among investors and analysts. Could this be a bullish signal for the king of cryptocurrencies, Bitcoin? On the surface, an increase in the M2 money supply suggests that more liquidity is entering the economy, potentially fueling demand for alternative investments like Bitcoin. However, the crypto market is notoriously volatile and influenced by a myriad of factors. So, is the M2 money supply actually a reliable indicator of Bitcoin's future trajectory? Let's delve deeper into this intriguing question.
5 answers
CryptoProphet
Thu Jul 18 2024
As investors seek hedges against inflation, the positive M2 money supply is being viewed as a potential catalyst for a rebound in Bitcoin's price. The market's reaction to this economic data is being closely monitored by crypto traders.
Was this helpful?
118
96
Raffaele
Thu Jul 18 2024
Among the various platforms that cater to cryptocurrency traders, BTCC, a UK-based exchange, stands out. BTCC offers a comprehensive range of services including spot trading, futures trading, and secure wallet solutions.
Was this helpful?
232
60
HanRiverVisionaryWave
Thu Jul 18 2024
Cryptocurrency traders have identified the recent positive shift in the M2 money supply as a promising indicator for Bitcoin's price trajectory.
Was this helpful?
152
33
BusanBeautyBlooming
Thu Jul 18 2024
This shift in the M2 money supply, which measures the total amount of cash, checking deposits, and easily accessible savings, indicates a possible slowdown in the recent Bitcoin sell-off.
Was this helpful?
97
68
Alessandra
Thu Jul 18 2024
The year-over-year increase in the M2 money supply, which has been negative since November 2022, has now turned positive. This is being viewed as a bullish signal for Bitcoin and other cryptocurrencies.
Was this helpful?
242
21
