Real Vision's chief digital assets analyst, Jamie Coutts, believes that the crypto market bull cycle is not yet over. He suggests that the historical relationship between cryptocurrencies and the global money supply (M2) metric indicates that more rallies are coming. Coutts shares a chart showing how active crypto addresses follow the trend of M2. He also predicts that global liquidity, driven by a weaker dollar, will continue to rise and potentially exceed last year's high. Additionally, Coutts expects more governments to acquire Bitcoin this year, noting that the world's largest sovereign wealth fund is already accumulating satoshis.
Bitcoin Flashing Early Signs of Bullish Divergence, According to Crypto Analyst – Here’s His Outlook