Cryptocurrency and commodities markets are poised for a substantial rally, according to prominent analysts. Experts cite undervalued assets and a forthcoming increase in global liquidity as key drivers that could trigger Bitcoin's breakout and a broader market surge, potentially kickstarting the next bull cycle in 2024.
Market Rally Expected as Assets Remain Undervalued
The cryptocurrency and commodities markets may be poised for a meteoric rise, according to a prominent market analyst, per Cointelegraph.
Crypto assets and commodities are still considered "extremely undervalued," according to entrepreneur and analyst Michaël van de Poppe. According to the analyst's article from September 15 on X, commodities were valued similarly in 1971 and 2000:
Commodities Priced Lower Than Previous Market Bubbles
Compared to the bubble of 2,000 just before the markets rose into the financial crisis of 2008, the index suggests that commodities are valued lower.
The widely anticipated interest rate decrease at next week's Federal Reserve meeting on September 18 may serve as a catalyst for Bitcoin's breakout in October, according to an increasing number of analysts.
It is possible that the next Bitcoin bull movement will be triggered by an upcoming increase in global liquidity.
Debt Pressures Could Spark Global Economic Shifts
Raoul Pal, CEO and creator of Global Macro Investor, claims that this is mostly due to the fact that the top economies will have little choice but to refinance their debt.
This, according to Pal's Sept. 15 X video, will cause a worldwide liquidity breakout in the US, Japan, China, and Europe:
“As global liquidity rises, cryptocurrencies will rise, as will other markets like the Nasdaq… Global M2 is also starting to rise.”
Bitcoin Positioned for Strong Gains in 2024 Cycle
Due to the fact that the price of Bitcoin is highly associated with the M2 money supply, it is possible that some of this expanding global liquidity will make its way into Bitcoin, which will lead to the next leg up in the 2024 cycle.


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