Analyst Suggests Bitcoin May Have Peaked Despite M2 Growth

According to Foresight News, analyst Willy Woo has expressed skepticism about the assumption that an increase in M2, or broad money supply, will necessarily lead to a rise in Bitcoin's value. Woo noted that towards the end of a cycle, Bitcoin tends to lead the trend of M2. He shared his personal view that, based on models of capital inflow and outflow in the Bitcoin and cryptocurrency sectors, the market may have already reached its peak.