GOLD REACHES NEW HEIGHTS, WHAT DOES M2 MONEY SUPPLY INDICATE? HOW WILL BITCOIN RESPOND?
🔸 Gold has just established a new historical peak at 3,813 USD/oz, while the M2 index – a measure of money supply has also increased to 22.2 trillion USD. These two data points clearly indicate one thing: money is expanding, and scarce assets are likely to be revalued.
🔸 Not only gold, Bitcoin is also a noteworthy name. As "digital gold", Bitcoin has long been seen as a hedge against inflation and the devaluation of fiat currency. As M2 continues to rise, the pressure of cheap money could become a driving force for both gold and Bitcoin.
🔸 The differences are:
- Gold has thousands of years of history, is widely accepted, and currently serves as a traditional safe haven.
- Bitcoin and crypto are relatively new, more volatile, but attract capital seeking high returns and confidence in blockchain technology.
🔸 The synchronous increase in money supply and scarce assets (gold, Bitcoin) reaching peaks shows an important message: money is still flowing into places that can hold value and resist inflation.
👉 History shows that stock indices and bitcoin often lag behind gold by a few weeks to a few months; if this holds true, Bitcoin and other cryptocurrencies may soon reach their next highs in the coming months 🎁
$BTC #MarketRebound #OpportunityKnocks #newscrypto #ANHDEVCRYPTO
🔸 Gold has just established a new historical peak at 3,813 USD/oz, while the M2 index – a measure of money supply has also increased to 22.2 trillion USD. These two data points clearly indicate one thing: money is expanding, and scarce assets are likely to be revalued.
🔸 Not only gold, Bitcoin is also a noteworthy name. As "digital gold", Bitcoin has long been seen as a hedge against inflation and the devaluation of fiat currency. As M2 continues to rise, the pressure of cheap money could become a driving force for both gold and Bitcoin.
🔸 The differences are:
- Gold has thousands of years of history, is widely accepted, and currently serves as a traditional safe haven.
- Bitcoin and crypto are relatively new, more volatile, but attract capital seeking high returns and confidence in blockchain technology.
🔸 The synchronous increase in money supply and scarce assets (gold, Bitcoin) reaching peaks shows an important message: money is still flowing into places that can hold value and resist inflation.
👉 History shows that stock indices and bitcoin often lag behind gold by a few weeks to a few months; if this holds true, Bitcoin and other cryptocurrencies may soon reach their next highs in the coming months 🎁
$BTC #MarketRebound #OpportunityKnocks #newscrypto #ANHDEVCRYPTO