‘Very close’ – former Goldman Sachs exec suggests Bitcoin (BTC) gains amid rising liquidity

Macro guru and Real Vision CEO Raoul Pal suggests Bitcoin (BTC) is on the verge of a massive rally due to one major catalyst.

Pal tells his million-strong following on social media platform X that bitcoin’s value is apparently rising as global liquidity increases.

Pal shared a chart comparing global liquidity to Bitcoin, which suggests the leading cryptocurrency could hit $90,000 by November.

“Close, very close. GMI (Global Macro Investor) Total Global Liquidity vs. BTC.”

Additionally, Pal argues that the historical relationship between Bitcoin and the global money supply (M2) index suggests that the largest digital asset by market capitalization is poised for a sharp breakout.

“Close, very close. Global M2 vs. BTC.”

Real Vision macroeconomic expert Julien Bittel also says that macroeconomic conditions are starting to increase liquidity in markets, which tends to favor risk assets like Bitcoin.

“Hang in there, bulls. It’s felt like an eternity trapped in the “Boredom Zone,” but there’s finally light at the end of the tunnel. Liquidity is picking up again, and Bitcoin, being incredibly sensitive to changes in liquidity conditions, has the potential to move wildly as fresh liquidity enters the system. The macro environment is changing. A major wave of liquidity is now on the horizon, and when it hits, Bitcoin looks poised for a strong run in Q4. Now, patience is key.”

At the time of writing, Bitcoin is trading at $60,219, up over 3% in the last 24 hours.

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