Debt refinancing will drive a surge in global liquidity, and crypto assets will follow the rise in M2

Odaily News Michael van de Poppe, founder of MN Trading, said, "The impending surge in global liquidity, driven by debt refinancing, could trigger the next Bitcoin bull run. Crypto assets and commodities are still "extremely undervalued," with the last time commodities were valued at similar levels in 2000 and 1971. Commodities are likely to enter a 10-year bull market. I expect a lot of upside for both asset classes." 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 flow into Bitcoin, leading to the next round of the cycle in 2024, as Bitcoin prices are highly correlated with M2 money supply."