According to Michael van de Poppe, an upcoming surge in global liquidity, fueled by debt refinancing, could trigger the next Bitcoin bull run.
A notable market analyst believes the cryptocurrency and commodities markets could both be ahead of a parabolic rally.
This is because both crypto assets and commodities remain “extremely undervalued,” according to analyst and entrepreneur Michaël van de Poppe.
The analyst noted in a September 15 post on X that commodities were last valued at similar levels in 2000 and 1971.
“Commodities & crypto are extremely undervalued and it's likely that commodities go into a 10-year-long bull market. I'm expecting a lot of upside from these two asset classes.”
The index shows that commodities are valued at lower levels compared to the bubble of 2,000 before the markets rallied up into the 2008 financial crisis.
Increasingly, more analysts are calling for a Bitcoin (
BTC
$59,118
) breakout in October, which could be catalyzed by next week’s Federal Reserve meeting on Sept. 18, which could bring a widely expected interest rate cut
Global liquidity is about to break out: Raoul Pal
An incoming rise in global liquidity could catalyze the next Bitcoin bull rally.
According to Raoul Pal, the founder and CEO of Global Macro Investor, this is mainly because the leading economies will be forced to refinance their debts.