Bitcoin’s Struggles to Break 100K: Understanding the Impact of Money Supply Trends
Bitcoin’s journey to cross the 100K mark has been challenging recently. Over the last decade, the global money supply has increased by at least 50 trillion dollars, with Bitcoin benefiting from this surge, often seen as a hedge against inflation. However, a recent sharp decline in the global money supply has raised concerns. This change could affect Bitcoin’s demand and price dynamics moving forward. Understanding these economic factors will be crucial for investors monitoring Bitcoin’s potential movements and price history in a changing financial environment.
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