Bitcoin’s Peak May Be Reached Despite M2 Growth: Analyst Suggests

Analyst Willy Woo has challenged the prevailing notion that a surge in M2, or broad money supply, will automatically boost Bitcoin’s value. According to Foresight News, Woo argues that towards the end of a market cycle, Bitcoin often precedes changes in M2 rather than being directly influenced by them. He believes the current market may have already peaked based on his analysis of capital inflows and outflows within the Bitcoin and cryptocurrency space.