The once-in-a-lifetime impression of money strengthens the Bitcoin investor's Bull case

Since the 2017 crypto bubble that has taken Bitcoin from less than $ 1,000 to $ 20,000 in a year, analysts have been wondering what will trigger the next rally.

Many are hopeful that the Bitcoin block reward will be cut in half, which happened earlier this week, but are increasingly convinced that central bank and government liquidity is the "main catalyst" for the start-up. a bull market in both Bitcoin and gold.

Fund manager: "Long Bitcoin and Gold" due to printing money

Macro hedge fund manager Dan Tapiero, just a year after seriously entering the Bitcoin space, calls investors "long gold and Bitcoin" due to a single chart below.

The graph comes from M2 American monetary stocks. United States, or the value of balances and monetary values ​​in the past 13 years. What is remarkable about this is that the year-over-year growth in the measure recently reached 21.6% as of May 4, the highest in the chart and so- saying the highest in history. Tapiero explained:

"One of the most incredible and important graphics I have seen in 30 years. (…) The speed and scale of the movements in the creation of liquidity will never be seen again. March was the biggest / worst-case fear. Long gold and Bitcoin. "

https://twitter.com/DTAPCAP/status/1261337299343732737?ref_src=twsrc%5Etfw” data-wpel-link=”exclude” target=”_blank” rel=”follow noopener noreferrer

Jimmy Song Bitcoin Programmer and Educator popular as the exact growth in the supply of US M2 currency stocks. United States it is 15% in the last three months, going from 15.4 billion dollars to 17.7 billion dollars, annualized at 75%.

Tapiero's comment came hours after a similar assertion made by Bloomberg Intelligence commodity analyst Mike McGlone. the told me that if the liquidity of the central bank will help stocks, it will especially help Bitcoin and gold "quasi-currencies":

"Central bank liquidity can limit bearish stocks, but it is a primary catalyst for reviving quasi-monetary bull markets."

It’s a popular tale

Not only Tapiero and McGlone grabbed the story of printing money and applied it as a way to find or identify value by adding Bitcoin to their wallets.

In the past two weeks, legendary macro-investor Paul Tudor Jones, worth more than $ 5 billion, has seriously explored Bitcoin for the first time.

The reason: he fears that what is going on in the world economy is "The great monetary inflation" While there is an "unprecedented expansion of every form of money unlike anything the developed world has ever seen".

For him, Bitcoin is a hedge against such inflation because it has the characteristics of a store of value, the most notable of which is its fixed supply limit of 21 million.

Elon Musk, the billionaire CEO of Tesla and SpaceX, has also joined the silver printing train.

As reported by NewsBTC, the technologist said on Twitter on Friday that he believed that the massive issuance of currency by governments and central banks was making Bitcoin "solid relative to" fiat money.

Musk made this comment in response to "Harry Potter" writer J.K. Rowling, who was trying to understand the what and why of Bitcoin for the first time. He didn't convince Rowling, but he did manage to generate a positive response from the cryptocurrency community, who for the umpteenth time called him a key defender of Bitcoin.

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However, it remains to be seen how exactly these trillions of printed fiat dollars, the fiscal and monetary stimulus value, will translate into the Bitcoin market.

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