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Two Prime research shows that the growth period of M2 is highly correlated with the rise in BTC price

Two Prime research shows that the growth period of M2 is highly correlated with the rise in BTC price

Bitget2024/07/21 07:35

According to Wu's report, a chart produced by Two Prime indicates that the global broad money M2 growth period is closely related to the rise in BTC price, while the M2 decline period corresponds to a price decrease.

Research has found that the Pearson correlation coefficient of these two datasets is 0.854, showing a very high correlation.

The three main contributors to M2 liquidity include US dollar liquidity, People's Bank of China liquidity, and bond volatility.

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