Bitcoin analysis eyes sharp rebound after BTC collapses below M2 supply 'fair value'
Bitcoin has collapsed below its M2 money-supply "fair value," sparking debate over a potential sharp rebound. Analysts argue BTC is massively mispriced against global liquidity, with the BTC/gold ratio hitting historic lows. However, critics dismiss the M2 correlation as flawed, citing China's perpetually rising money supply and historical timing mismatches during previous bear markets. The disagreement highlights fundamental uncertainty in valuation models.
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