Bitblaze highlights the current state of the stablecoins market, the impending change in accounting standards by the Financial Accounting Standards Board (FASB), the expanding M2 money supply, and the potential shift from money market funds to Bitcoin as key factors.
He argues that with the M2 money supply at $94 trillion, and money market funds totalling $6.5 trillion, there is ample liquidity to drive Bitcoin’s price higher.
Crypto analyst Axel Bitblaze has predicted that Bitcoin’s price could surge to $100,000, with the necessary liquidity and catalysts in place.
