**Are you still #bearish . Anonymous ?**

- $ETH ETFs are set to start trading soon.

- Michael Dell, with a net worth of $100 billion, just endorsed $BTC hinting at a strategy similar to #MicroStrategy for his balance sheet.

- Global liquidity is rising again.

- #M2 money supply is increasing.

- Interest rate cuts are expected soon.

- Election season is approaching.

With all these #positive developments, it's hard to stay bearish.

⚡️ LATEST: If #Bitcoin keeps tracking global M2 money supply, it could hit $90K by year-end.

💵M2 measures the money supply, including cash, checking deposits, and other deposits readily convertible to cash, such as Cash Deposits.

How is it Important?

Fed Starts to Decrease Interest Rate→ Increase Money Supply M2→ Positive Flow of Funds to Bitcoin= Bullish
#moneysupply #M2

🔥🔥🔥 #analyst Sees #bitcoin☀️ Reaching $8 Trillion Market Cap: What Price Will This Surge Bring?

Bitcoin reached a two-month high of $66,500 last Friday, driven by increased market liquidity and renewed investor confidence.

- Crypto analyst Doctor Profit predicts that Bitcoin's market capitalization could reach $8 trillion by 2030, corresponding to a price of approximately $550,000. This prediction is based on several factors, including:

1. Increased liquidity

2. Gold market trends

3. Inflationary pressures and scarcity

4. Growth in the #M2 money supply

- Doctor Profit expects 3-4 significant corrections of 40-50% as Bitcoin approaches milestones such as $120,000, $160,000, and $220,000. However, he advises long-term investors to view these corrections as opportunities rather than risks.

- The analyst believes that a successful investment strategy can include active trading and holding. He encourages investors to stay informed and adapt to changing market conditions.

- At the time of writing, Bitcoin is trading at $63,938, recording losses of 3.4% in the 24-hour.

Source - newsbtc.com

#BinanceSquareBTC #BTCPricePrediction $BTC

Bitcoin’s price continues to show correlation with M2 money supply growth.
Last month, #M2 across major central banks grew by 7.5%, the fastest since Nov 2021. Historically, $BTC bull runs have aligned with rapid M2 expansion.
#BullRunAhead #BULLRUN24 #Bitcoin #bitcoinprice

🚨BREAKING🚨: UAE-Based Crypto Exchange #M2 Hacked

Key Details:

🔶 Loss: $13.7M (approx. 50.3M AED)
🔶 Resolution: Incident resolved; client funds restored
🔶 Impact on Users: No impact, as the exchange absorbed the losses
🔶 Current Status: All services are operating normally

Unlike some platforms that remain unclear about users' funds, #M2 has taken swift action, ensuring transparency and fund security for its clients.