Jimmy Couts, a senior analyst at Crypto Vision, believes that the upward cycle of the digital currency market has not yet come to an end. Referring to the Global Money Supply Index, he predicts that the upward trend will continue. Couts stated on social media that there is a direct relationship between global liquidity and digital currency prices. He also mentioned that blockchain network activities, indicating user acceptance levels, play a significant role in price determination. When these two indicators are compared, a similar pattern is observed, showing that digital currencies are high-risk assets linked to liquidity and have structural growth. Couts also explains that the number of active addresses in the market follows the trend of global money supply. These data indicate that as global liquidity increases, the digital currency market will also witness growth. Couts points out that the trend of global liquidity is rising and is likely to surpass last year’s peak soon. This event could confirm the market’s entry into a new upward trend, especially with the weakening dollar and the potential easing of monetary policies by central banks. Couts predicts that in the current year, more governments will buy Bitcoin (BTC), which will likely continue with greater intensity in the coming years. According to Couts, some of the world’s largest sovereign wealth funds are accumulating Bitcoin, and many developing countries with mining industries have likely added BTC to their reserves through governmental funds or related institutions.
