Macro guru and CEO of Real Vision, Raoul Pal, suggests that Bitcoin (BTC) is on the verge of a huge breakthrough because of one major catalyst.
Friend tells According to its one million followers on social media platform X, Bitcoin appears to be rising along with increasing global liquidity.
Pal shares a chart comparing global liquidity to Bitcoin, showing that the flagship crypto could reach $90,000 in November.
“Close, very close. GMI (Global Macro Investor) Total Global Liquidity vs. BTC.”
Moreover, Pal say that a historical relationship between Bitcoin and the global money supply (M2) indicates that the leading digital assets by market capitalization are gearing up for a massive breakout.
“Close, very close. Global M2 vs. BTC.”
Macro expert Julien Bittel from Real Vision is too proverb that macroeconomic conditions are starting to inject more liquidity into the markets, which is generally bullish for risky assets like Bitcoin.
“Hang in there, bulls. It feels like an eternity trapped in ‘The Boring Zone’, but there is finally some light at the end of the tunnel. Liquidity is increasing again, and Bitcoin – because it is extremely sensitive to changes in liquidity conditions – has the potential to move explosively as new liquidity flows into the system. The macro environment is changing. There’s a big liquidity wave on the horizon now, and if it hits, Bitcoin looks poised for a surge in the fourth quarter. Patience is the name of the game now.
Bitcoin is trading at $60,219 at the time of writing, up more than 3% in the past 24 hours.
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