Is Bitcoin’s Future Tied to Global Money Supply?

Renowned macroeconomist Raoul Pal believes that Bitcoin’s price movements may be significantly influenced by global money supply trends. He suggests a potential 28% increase in Bitcoin’s value is possible, stemming from the impact of changes in global liquidity conditions on Bitcoin’s valuation. Pal emphasizes that Bitcoin’s price is closely tied to global money supply fluctuations and predicts an anticipated adjustment related to this phenomenon which will likely occur by April 2024.