According to ARK Invest analyst David Puell, three indicators suggest a bullish outlook for Bitcoin (BTC). Firstly, the Stablecoin Supply Ratio (SSR) indicator indicates that Bitcoin is currently oversold relative to the purchasing power of stablecoins. Secondly, ARK's own average profitability index for Bitcoin shows that it is within historically expected parameters for a bull market. Lastly, the increasing global money supply (M2) could serve as a catalyst for Bitcoin's growth. At the time of writing, Bitcoin is trading at $67,260.



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