BlockBeats reported that on September 15, according to Cointelegraph, Michael van de Poppe, founder of MN Trading, said, “Driven by debt refinancing, global liquidity is about to surge, which may trigger the next Bitcoin bull market. Crypto assets and commodities are still “extremely undervalued”, and the last time commodities were valued at similar levels was in 2000 and 1971. Commodities are likely to enter a 10-year bull market. I expect both asset classes to have a lot of room for growth.”
Raoul Pal, founder and CEO of Global Macro Investor, said, “Major economies will be forced to refinance their debts, which will drive a global liquidity breakthrough in the United States, Japan, China and Europe: “As global liquidity increases, cryptocurrencies will rise, other markets such as the Nasdaq will also rise, and global M2 will also begin to rise. “Part of the growing global liquidity may enter Bitcoin, leading to the next round of increases in the 2024 cycle, as Bitcoin prices are highly correlated with M2 money supply. “
