Bitcoin’s price is influenced by global money supply and the strength of the U.S. dollar. The U.S. Dollar Index is falling while global M2 money supply is rising, historically boosting crypto assets like Bitcoin. A weaker dollar and increased liquidity could double Bitcoin’s value. Dollar weakness has historically led to Bitcoin’s rise. The recent decline in the U.S. Dollar Index coincides with Bitcoin reaching all-time highs. Dollar softness may continue with possible interest rate cuts, tightening the supply-and-demand vise in favor of Bitcoin holders. Bitcoin historically tracks M2 money supply growth, with a 1% increase often leading to 65% or higher returns within 12 to 18 months. Central banks’ loose monetary policies are injecting cash into markets, further increasing the money supply. Bitcoin’s value could potentially double based on the recent M2 expansion. Despite potential risks, Bitcoin appears well-positioned for significant growth due to a weaker dollar and increased money supply. Bitcoin’s value could double from current levels.

Read more at Yahoo Finance: These 2 Indicators Suggest Bitcoin Could Soon Double