Raoul Pal’s Bitcoin Price Model: Is Global Liquidity the Real Market Driver?

Raoul Pal, founder of Global Macro Investor, has reignited the debate over the driving force behind Bitcoin’s price. He claims that the price action of Bitcoin strongly correlates with Global liquidity flows, specifically the money supply (M2). Pal suggests that Bitcoin’s long-term price behavior is more likely to follow liquidity cycles. It is less influenced […] The post Raoul Pal’s Bitcoin Price Model: Is Global Liquidity the Real Market Driver? appeared first on Coin Edition.