Foresight News reports that analyst Willy Woo tweeted, “Don't assume that an increase in M2 (Broad Money) will necessarily drive Bitcoin to pump. At the end of the cycle, it is Bitcoin that leads the trend of M2. My personal view is that based on the model of inflows and outflows in the Bitcoin and Crypto Assets space, we have likely already peaked.”
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The main reason pointed out by analysts is due to widespread risk aversion, decreased liquidity, and sell-off pressure from both funds and individual investors.
Willy Woo: The end of the encryption cycle, BTC will instead lead the M2 index.
Foresight News reports that analyst Willy Woo tweeted, “Don't assume that an increase in M2 (Broad Money) will necessarily drive Bitcoin to pump. At the end of the cycle, it is Bitcoin that leads the trend of M2. My personal view is that based on the model of inflows and outflows in the Bitcoin and Crypto Assets space, we have likely already peaked.”