Ah, the eternal conundrum of the cryptocurrency enthusiast: what, pray tell, is behind the mercurial rise of Bitcoin? 🤔 Raoul Pal, that great sage of the digital realm, has taken to his X handle to enlighten us on the subject. 📣
It appears that a most singular factor has been driving the price of Bitcoin upwards, a factor that has been in play since the halcyon days of 2023, when BTC was trading above $40,000. 📈
But what, you ask, is this mystical force that has been propelling Bitcoin to dizzying heights? 🤔 None other than the growth of the global money supply (M2), that great engine of liquidity that has been flooding the global economy with trillions of dollars. 💸
Keeps trucking along, doing its debasement thing… if 89% of all BTC’s price action is explained by Global Liquidity then by definition almost all “news” and “narrative” is noise. Enjoy your weekend…
— Raoul Pal (@RaoulGMI) June 14, 2025
Pal’s assertion is nothing short of astonishing: a whopping 89% of Bitcoin’s price action, he claims, can be attributed to this correlation. The implications are profound: if this is indeed the case, then all the “news” and “narrative” that we’ve been fed about Bitcoin is little more than white noise. 🗣️
And what of the recent plunge in Bitcoin’s price, you ask? 📉 Ah, but that, dear reader, is merely a minor blip on the radar, a fleeting reaction to the escalating military tensions in the Middle East. 🌪️
But fear not, dear Bitcoin enthusiasts, for there are those who still believe in the cryptocurrency’s potential. 🙏 Anthony Pompliano, that indefatigable cheerleader for Bitcoin, has proclaimed that it is nothing short of “the new bonds.” 📈
Once you understand bitcoin is the new bonds, everything starts to make a lot more sense.
— Anthony Pompliano 🌪 (@APompliano) June 14, 2025
And what of the notion that U.S. Treasury bonds could be backed by Bitcoin? 🤔 Ah, but that, dear reader, is a topic for another time. Suffice it to say that the idea of “BitBonds” is an intriguing one, and one that could potentially bring down interest costs. 📊
But we digress. The real question, dear reader, is this: what does the future hold for Bitcoin? 🤔 Will it continue to soar to dizzying heights, or will it plummet to the depths of despair? 📉 Only time will tell, but one thing is certain: the world of cryptocurrency is never dull. 😂
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2025-06-14 23:18