Renowned macro expert and ex-Goldman Sachs executive, Raoul Pal, has signaled an imminent upswing in the value of Bitcoin (CRYPTO: BTC), attributing the expected surge to increasing global liquidity.
What Happened: Pal communicated his predictions on social media platform X. He proposed that Bitcoin’s value trends typically trail the global liquidity cycle by a span of 10 weeks.
Pal presented a chart showcasing a significant uptick in global M2, which represents the total supply of money worldwide, following a dip in late 2024. Based on this information, he predicts that Bitcoin is on the brink of ending its correction phase and embarking on new rallies.
Earlier in the month, Pal forecasted that the global M2 will persist in its upward trajectory while Bitcoin and other cryptocurrencies experience a “regular correction”.