Crypto Analyst Predicts Altcoin Rally as Global Money Supply Expands
1min read Cryptocurrency analyst Kevin Svenson has identified a potential bullish catalyst for altcoins, suggesting that an expansion in the global money supply could trigger a significant rally in these digital assets. Svenson, who has a substantial following on YouTube, shared his insights in a recent video, highlighting the historical correlation between increases in global liquidity and altcoin rallies.
According to Svenson, previous major bull runs for altcoins have coincided with periods of substantial growth in the global money supply. He noted that until recently, global liquidity had been stagnant, with the M2 money supply showing no significant growth. However, Svenson observed that the M2 money supply is now beginning to rise, which could signal a breakout in global liquidity. This breakout, he believes, may be the catalyst that altcoins need to start performing more robustly.
Svenson also predicted that altcoins could replicate the price action they displayed during the rally that occurred in the fourth quarter of 2024. He estimated that the market cap of altcoins could increase by around 190% from current levels, potentially reaching a new all-time high of approximately $730 billion. Svenson suggested that this rally could be characterized by a steady uptrend with significant profit-taking at each new high, rather than a sharp, unsustainable surge.
