Bitcoin has dropped but M2 liquidity increase and Strategic Bitcoin Reserve offer optimism

From Nasdaq

March 11, 2025 9:30 AM:

Bitcoin has dropped from nearly $110k to the high $70k’s, despite rumors of a Bitcoin Strategic Reserve. M2, the money supply, is correlated with liquidity and asset prices. The Federal Reserve may cut interest rates in June, increasing M2. The iShares Bitcoin Trust ETF is approaching a critical technical zone.

David Sacks, the “Crypto Czar,” confirms Bitcoin’s value and strategic importance to the U.S. as a reserve asset. The U.S. will hold onto its roughly 200k Bitcoin. The M2 increase, technical zone, and Strategic Bitcoin Reserve suggest potential for crypto-related stocks like Coinbase, MicroStrategy, Robinhood, and Riot Platforms.

Zacks Research Chief names a stock most likely to double, emphasizing a top pick among innovative financial firms with a fast-growing customer base. The stock is poised for significant gains, potentially surpassing previous Zacks’ picks. For more information on top stock recommendations, visit Zacks Investment Research.

Read more at Nasdaq: Bitcoin Correction: M2 Liquidity Offers Reason for Optimism