Part 3/11:
Multiple factors are converging to propel Bitcoin to these heights. A "perfect storm" of liquidity influx, scarcity, and strategic moves by entities like Tether are contributing to the bullish sentiment. The speaker cites a “new record” in global M2—the broad money supply—dividing it by Bitcoin’s circulating supply. This ratio has hit a 12-year high, with the value approximating $6 million per Bitcoin, suggesting increasing scarcity amidst rising global liquidity.