These 2 conditions will help you easily 10x this year. When does it happen?
According to financial experts, these two conditions often appear in conjunction with periods of strong price increases for Bitcoin and Altcoin. Let's analyze together.
1. Money Supply M2. M2 money supply measures the total amount of cash and short-term deposits in the United States. M2 growth could be the key to the next bull run cycle.
Especially when M2 is high, which often coincides with strong Bitcoin price increases. In early May, M2 money supply changed from negative to positive compared to the same period last year for the first time since November 2023.
2. DXY: Dollar strength index. If DXY drops below 101, it could act as a "catalyst" for Bitcoin's price increase. As the USD weakens, risky assets (like crypto) will benefit.
M2 is rising and DXY is falling, both conditions have turned positive for the crypto market. But macro factors will not have an immediate impact, we may see the crypto market grow strongly in the next 3 months.