| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107280.3800000000 |
| ETH | $2432.4760000000 |
| BNB | $648.6697100000 |
| XRP | $2.1876790000 |
| ADA | $0.5663204000 |
| SOL | $149.9501000000 |
| DOGE | $N/A |
| DOT | $3.3987000000 |
| LTC | $86.4907000000 |
| LINK | $13.3466700000 |
Category: CRYPTO NEWS
The post M2 Money Supply Predicts When Will Bitcoin Hit All Time High appeared on BitcoinEthereumNews.com. The correction that Bitcoin (BTC) suffered over the past 24 hours has triggered conversations around its correlation with the M2 Money supply. Analysts like Raoul pal and Abra CEO are using Bitcoin Vs M2 money supply co-relation to predict Bitcoin price. Bitcoin to $130k in August/September This Year? Abra Global CEO Bill Barhydt shared his analysis on the rising Bitcoin Vs M2 money supply trend via via his X account. The consensus is that with the growth in the global money supply, risk-on assets like BTC benefit significantly. The concept is simple: the more money in circulation, the more devalued fiat is, granting emerging hedges like Bitcoin more value. Source: X, Bitcoin Vs M2 Money Supply According to him, most trending charts predict a short-term bearish outlook. He most likely highlighted the likelihood of Bitcoin price dropping to $100,000 in the coming days before it pushed to a new all-time high of $130,000 in August/September. As Barhydt noted, there are many reasons to believe this outcome. Though silent on these reasons, the institutional adoption, like the recent Strategy purchase of 4020 BTC, is helping to drive scarcity. No matter the price direction, the Abra CEO believes Bitcoin will take advantage of its status as the mother of all liquidity. The conversation around the Bitcoin and M2 money supply correlation is controversial. While some believe the M2 liquidity does not always determine the BTC price direction, some maintain that the pattern has never failed when profiled on longer timeframes. Despite the 8% BTC price correction, which dropped to $103,000 overnight, the top coin is just halfway through the bullish cycle of the money supply. At least for the next four weeks, the top coin will likely continue its upward surge. Bitcoin Price History And M2 Money Supply Despite the drawdown the…
2025-06-01T02:36:18+00:00