Since the crypto bubble of 2017 that brought Bitcoin from under $1,000 to $20,000 in a year, analysts have been wondering what will spark the next rally.<\/p>\n
Many have put their faith in the Bitcoin<\/a> block reward halving, which came to pass earlier this week, but more and more are becoming convinced that central bank and government liquidity is the \u201cprime catalyst\u201d to start a bull market in both Bitcoin and gold.<\/p>\n Macro hedge fund manager Dan Tapiero, just a year or so after seriously entering the Bitcoin space, is calling for investors to “long gold and Bitcoin” because of a single chart seen below.<\/p>\n The chart is of the U.S.’ M2 money stock, or the value of cash-like balances and securities, over the past 13 years. What’s notable about is it is that the year-over-year growth of the metric recently spiked to 21.6% as of May 4th, the highest on the chart and purportedly the highest ever. Tapiero explained:<\/p>\n “One of the most incredible and important charts I have seen in 30 years. […] Speed and size of move in liquidity creation will never be seen again. March was max fear\/worst case. Long gold and Bitcoin.”<\/p><\/blockquote>\n One of the most incredible and important charts I have seen in 30 years.<\/p>\n Suspend existing macro analytical frameworks for understanding world markets.<\/p>\n Speed and size of move in liquidity creation will never be seen again.<\/p>\n March was max fear\/worst case. Long gold and Bitcoin. pic.twitter.com\/ZxuQEwd278<\/a><\/p>\n — Dan Tapiero (@DTAPCAP) May 15, 2020<\/a><\/p><\/blockquote>\nFund Manager: “Long Bitcoin and Gold” Due to Money Printing<\/strong><\/h2>\n
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