đźź  BTC At $98K But This Macro Indicator Says Correction Incoming

Why you should be watching this liquidity correction like a hawk.

Author

Ivan
December 24, 2024

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Gm and Happy Christmas Eve!

Robinhood CEO Vlad Tenev says the company could soon hold Bitcoin on its balance sheet. But it’s complicated…

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TOP STORY

Bitcoin has rebounded to $98,000 but its strong correlation with global M2 money supply has raised concerns of a potential price correction, according to Joe Consorti.

Consorti noted Bitcoin’s rally from $40,000 to over $100,000 coincided with a period of liquidity expansion.

However, with global M2 contracting in recent months, Consorti cautioned that Bitcoin could face a larger correction.

How low could Bitcoin go?

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FINTECH FOCUS

Robinhood CEO Vlad Tenev Says Open To Holding Bitcoin For Investment Purposes But It Could 'Complicate' Things For Investors

Robinhood Markets Inc. CEO Vladimir Tenev said Monday that the company doesn’t rule out the prospect of holding Bitcoin on the balance sheet for investment purposes.

But Tenev also argued that this could possibly “complicate” things for public market investors.

What did he mean by that?

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