Part 3/8:
Global Monetary Conditions and Bitcoin Insights
Continuing on the topic of global financial conditions, Pal shares insights from his analysis, noting that the current circumstances closely mirror those of the previous Trump Administration. The alignment of the Global M2 money supply and the movements in major indices like the NASDAQ draw attention to potential economic forecasting patterns.
Steno then steers the conversation toward Bitcoin. He highlights a potentially bearish outlook around Bitcoin prices, referencing a consensus view for a significant decline in its value before any potential recovery. Pal believes that based on historical patterns from 2017, the low for Bitcoin might have already occurred, though he remains neutral on immediate trading actions.