Market analyst Michaël van de Poppe has sparked excitement, forecasting a major rally for both cryptocurrencies and commodities. He believes these assets are "extremely undervalued" and could be on the verge of a long-term bull run. According to van de Poppe, commodities haven't been this undervalued since 2000 and 1971, signaling that both sectors could see significant upside over the next decade.
No Van de Poppe isn’t alone in his optimism. Raoul Pal, founder of Global Macro Investor, also predicts a surge in global liquidity, driven by debt refinancing in major economies like the U.S., Japan, China, and Europe. Pal highlights how rising liquidity could spill into Bitcoin and other markets, setting the stage for the next crypto bull run. With the Federal Reserve expected to announce key interest rate decisions in the coming days, many analysts are anticipating an October breakout for Bitcoin.
As global M2 money supply starts to rise, this influx of liquidity could fuel both crypto and commodities, positioning them for massive growth in the upcoming months. The stage seems set for a parabolic rally, with Bitcoin leading the charge in what could be a defining moment for both markets in 2024.
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