Jamie Coutts, a leading digital asset strategist at Real Vision, believes that the crypto market’s bullish momentum is far from reaching its peak.
He points to a key indicator—global money supply (M2)—which has historically aligned with crypto price trends, suggesting further rallies ahead.
Sharing his insights with followers on X, Coutts explains that rising liquidity fuels asset growth, while increased blockchain activity supports valuation.
By comparing global liquidity levels with active crypto addresses, he emphasizes that crypto serves as both a high-risk liquidity asset and a long-term growth opportunity.
His analysis indicates that global liquidity is on an upward trajectory, nearing last year’s peak. A weaker dollar and potential central bank interventions could further push it higher, reinforcing bullish conditions.
Additionally, Coutts predicts that more governments will increase their Bitcoin holdings in 2024. He highlights that sovereign wealth funds, especially in countries with domestic Bitcoin mining operations, have likely been quietly accumulating BTC for over a year— a trend he expects to accelerate.
Coinbase CEO Brian Armstrong has spotlighted a significant acceleration in institutional crypto adoption, driven largely by the surging popularity of exchange-traded funds and increased use of Coinbase Prime among major corporations.
The latest market turbulence, fueled by geopolitical tensions and investor fear, offered a textbook case of how sentiment swings and whale behavior shape crypto price action.
Jefferies chief market strategist David Zervos believes an upcoming power shift at the Federal Reserve could benefit U.S. equity markets.
Anchorage Digital, a federally chartered crypto custody bank, is urging its institutional clients to move away from major stablecoins like USDC, Agora USD (AUSD), and Usual USD (USD0), recommending instead a shift to the Global Dollar (USDG) — a stablecoin issued by Paxos and backed by a consortium that includes Anchorage itself.