This Catalyst Is Exactly What Altcoins Need To ‘Start Doing Something for Real,’ Says Analyst Kevin Svenson
Cryptocurrency analyst Kevin Svenson is highlighting a potential bullish catalyst for altcoins. In a new video, Svenson tells his 82,800 YouTube subscribers that an expansion in the global money supply could trigger a rally in altcoins. According to Svenson, previous altcoin rallies have erupted after an increase in the global money supply. “Every major bull run for these altcoins… …they really did not start running until global liquidity exploded, you know, went up tremendously… And what we’ve seen is that until recently global liquidity we were testing the 2022 highs as support just recently… There has been no growth for the M2 (money supply) at all really. But it’s starting to come up… …you can see the M2 is slowly coming up now to a breakout. And that breakout in global liquidity may be exactly what the altcoins need to start doing something for real.” Source: Kevin Svenson/YouTube The crypto analyst says tha...