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Bitcoin’s next risk is hiding in the gap between debt and liquidity
CryptoSlate
2 days ago
Bearish
The old Bitcoin playbook ran on the simple logic that when global M2 expands, capital flows into risk assets, and Bitcoin captures a disproportionate share. That relationship powered the 2020-2021 bull market, and crypto Twitter spent the better part of 2024 …
The old Bitcoin playbook ran on the simple logic that when global M2 expands, capital flows into risk assets, and Bitcoin captures a disproportionate share. That relationship powered the 2020-2021 b… [+7892 chars]
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