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Crypto Analyst Willy Woo Questions M2-Bitcoin Correlation, Suggests Cycle May Have Peaked

Crypto analyst Willy Woo said on Dec. 2 that M2 money supply growth does not guarantee Bitcoin price increases, BlockBeats reports. Woo noted Bitcoin typically leads M2 trends during late-cycle phases, adding his capital flow models suggest the market may have already peaked. He explained that while Federal Reserve rate cuts and monetary expansion might imply rising global M2, strong dollar demand from safe-haven-seeking investors could strengthen the dollar and reduce global M2 instead.
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