Bitcoin set to hit $ 288K as speed of US money crashes in Q2 – Cointelegraph
There is “too much money to spend,” and this will help Bitcoin (BTC) reach its next phase of huge price increases, analysts believe.
In a blog post on August 25, Jeroen Blokland, portfolio manager at asset manager Robeco, noted that the speed of the US M2 currency had reached historically low levels.
“Too much money to spend”
Speed measures how fast money flows through the economy, and 2020…