Binance News
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Willy Woo: Bitcoin May Have Peaked, M2 Growth May Not Drive Upward
According to BlockBeats, on December 2, crypto analyst Willy Woo stated that one should not assume that M2 growth will drive up Bitcoin. At the end of the cycle, Bitcoin often leads the trend of M2.
Woo believes that based on the model of capital inflows and outflows in the Bitcoin and cryptocurrency space, Bitcoin is likely at its peak. The Federal Reserve's rate cuts and increased money supply may lead to a decline in global M2.
Woo believes that based on the model of capital inflows and outflows in the Bitcoin and cryptocurrency space, Bitcoin is likely at its peak. The Federal Reserve's rate cuts and increased money supply may lead to a decline in global M2.
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