Global Net Liquidity Correlation with #Bitcoin
The main factor in liquidity growth was the infusion from China (PRC - money supply M2 = +10.3%). There is also some optimism that Western countries will move to lower key rates in 2024.
💡The majority would probably like countries to start printing money in large quantities in a short period, like in 2021, and their assets to grow. Instead, I think that we are in for restrained growth in liquidity and with it the market's crypto.↗️
The main factor in liquidity growth was the infusion from China (PRC - money supply M2 = +10.3%). There is also some optimism that Western countries will move to lower key rates in 2024.
💡The majority would probably like countries to start printing money in large quantities in a short period, like in 2021, and their assets to grow. Instead, I think that we are in for restrained growth in liquidity and with it the market's crypto.↗️